Three banks were the only three stocks in this publication’s Mortgage Industry Equity Composite to reap gains on Wednesday.
Hudson City Bancorp Inc. ended the trading day up more than 1% and Dime Community Bancshares Inc.’s shares increased by a little less than 1%. Bank of America Corp.’s stock was up only just a little above where it had been the day before.
Builder KB Home suffered the greatest percentage decline in value on the day, but it still was down less than 3%. The Dow ended the day down less than 1%.
A $100 investment in MIEC stocks on Jan. 1, 1998 based on week-to-week gains today remained near $43 in value, according to this publication’s
