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Opening Glance: Shares of commercial banks mixed



By AP
16 June 2008 @ 10:05 am EST

NEW YORK - Commercial bank stocks opened mixed Monday morning after Lehman Brothers Holdings Inc. made its second-quarter loss official and crude oil prices resumed their upward march.

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Quotes
NCC 4.82 0.03
WB 16.75 1.22
FHN 11.61 0.6
ZION 32.97 2.44

SYMBOL LOOKUP

Light, sweet crude for July delivery rose to $139.89 before retreating to trade up $3.90 at $138.76 a barrel on the New York Mercantile Exchange.

Lehman's $2.87 billion loss is its first since going public in 1994.

How shares of some commercial banks are trading:

National City Corp., down 7 cents to $5.08.

Wachovia Corp., down 21 cents to $17.98.

First Horizon National Corp., down 13 cents to $8.22.

Zions Bancorp., up 40 cents to $35.34.

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 This material may not be published, broadcast, rewritten or redistributed.

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