MBNA Corp., the credit card issuer, led the way on Wednesday as bank stocks extended their recovery from recent weakness.

MBNA was up $1.50 to 34.25, a new yearly high, in late trading. BankAmerica Corp. was up 50 cents to $46.625, First Union Corp. rose 62.5 cents to $45.625, and National City Corp. gained 75 cents to $25.875.

Boatmen's Bancshares moved up 62.5 cents to $60.75. Mellon Bank Corp. advanced 75 cents to $57.625.

On the losing side, Banc One Corp. was down 25 cents to $40.125, and Chemical Banking Corp. was off 25 cents to $40.125.

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.