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Opening Glance: Shares of commercial banks drop



16 May 2008 @ 10:13 am EST

NEW YORK (AP) - Shares of commercial banks fell Friday morning as a better-than-expected jump in construction of new homes in April was offset by yet another jump in crude-oil prices to a record high near $128 per barrel.

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Quotes
NCC 4.69 0.08
WB 14.88 -0.5
FHN 7.07 -0.6
ZION 27.05 -4.57

SYMBOL LOOKUP

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

National City Corp., down 2 cents to $5.79.

Wachovia Corp., down 30 cents to $27.30.

First Horizon National Corp., down 6 cents to $10.03.

Zions Bancorp., down 98 cents, or 2.2 percent, to $44.58.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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