Wolverhampton Wanderers 1 Birmingham City 1
were looking more comfortable as the half went on, enjoying plenty of possession while nullifying Wolves.
Phillips fired a great chance straight at Hennessey from six yards, to leave the clash finely poised at the interval.
Radhi Jaidi had a great chance to give Blues the lead two minutes after the restart but he could only fire his effort well over the bar from 18 yards out.
But Blues finally broke the deadlock less than 60 seconds later.
On-loan Nigel Quashie played a through ball that Stearman failed to clear and Jerome, on for Phillips at the break, found himself in the clear and held off his markers before firing past Hennessey, via a deflection, from 15 yards.
The goal seemed to bring Wolves to life and Karl Henry blasted narrowly wide while Ward almost wriggled free in the area before seeing his effort blocked.
McFadden half-volleyed just wide as the game became more open but it was Wolves who levelled matters with 16 minutes remaining.
Ward broke free down the left side of the penalty area and evaded a sliding challenge from Jaidi before sliding the ball across to Ebanks-Blake who slotted home.
Stearman did brilliantly to nick the ball from the toe of Jerome when he found himself clean through shortly after, while Taylor saved well from Sam Vokes in a frantic finale.
