Most major bank stocks gained as the stock market overall enjoyed a strong advance.

The leaders in late trading were First Union Corp., up $1 to $48.125; J.P. Morgan & Co., ahead $1.125 to 69.125; and Bankers Trust New York Corp., up $1 to $75.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.