1. Money center banks, telephone and drug issues gained, while communications equipment, beverage and electrical equipment shares sank. 2. Money center banks, telephone and software issues led the advance. 3. Among other changes, the so-called Big Bang would allow major money center banks here to sell debentures, which are unsecured bonds. 4. Citicorp, BankAmerica Corp. and other money center banks surged as investors returned to stocks they shunned in recent weeks based on concerns about trading losses in emerging markets. 5. Exceptions are some money center banks such as Citicorp and Chase Manhattan, big creditors to Asian companies. 6. He likes financial stocks, money center banks, energy stocks, particularly natural gas companies, and real estate investment trusts. 7. Industries to avoid include money center banks, many of which have loans outstanding to Asia, fund managers say. 8. Instead, capital markets are lifting earnings at top New York banking conglomerates like Citigroup and J.P. Morgan, which are known as money center banks. 9. Investors have been dissatisfied with Chase, the sixth-largest U.S. banking company, and the other money center banks for some time. 10. J.P. Morgan is the first money center bank to report quarterly earnings, and its results give a hint how other big banks fared in the quarter. |