Opening Glance: Shares of commercial banks mostly fall

Meanwhile, Credit Suisse analyst Todd L. Hagerman raised his rating on Wachovia Corp. to "Neutral" from "Underperform" and said its increased focus on stabilizing its balance sheet and financial position has helped offset credit deterioration. However, Wachovia shares fell 72 cents, or 2.5 percent, to $27.99.

Here's how shares of some other commercial banks are trading:

National City Corp., up 6 cents to $6.01.

First Horizon National Corp., down 13 cents to $10.77.

Zions Bancorp., down 4 cents to $47.46.