Opening Glance: Shares of commercial banks rise

In a press release Tuesday morning, National City confirmed recent media reports that it has entered into "memoranda of understanding" with the Treasury Department's Office of the Comptroller of the Currency and the Federal Reserve Bank of Cleveland.

The agreements address issues of capital, risk asset quality and liquidity management, the company said.

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

National City Corp., up 36 cents, or 8.1 percent, to $4.83.

Wachovia Corp., up 53 cents, or 2.8 percent, to $19.42.

First Horizon National Corp., up 30 cents, or 3.4 percent, to $9.18.

Zions Bancorp., up 37 cents to $38.