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.

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