Most major bank stocks again lost ground Thursday, as the stock market continued to slip after selloffs in the Japanese and Mexican equities markets.
Reflecting financial worries in Japan, Bancorp Hawaii Inc. fell another $1.125 to $43 in afternoon trading. CoreStates Financial Corp., Philadelphia, was the biggest decliner, dropping $1.125 to $47.
Wells Fargo & Co., San Francisco, recouped some ground lost a day earlier, gaining 62.5 cents to $71.375.
Chemical Banking Corp., New York, gained 50 cents to $35.375 after analyst James Rosenberg of Lehman Brothers hiked an earnings estimate. Mr. Rosenberg cut his estimate for J.P. Morgan & Co., and its stock was off 12.5 cents to $53.25.
