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Closing Glance: Shares of commercial banks fall



By AP
07 July 2008 @ 04:20 pm EST

NEW YORK - Commercial bank stocks fell Monday after the head of the San Francisco Federal Reserve gave a wary economic outlook, according to media reports, and Wall Street worried about the financial health of government-backed mortgage companies Fannie Mae and Freddie Mac.

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Quotes
FNM 1.2 -0.09
FRE 1.29 -0.13
NCC 2.27 -0.29
WB 5.25 -0.53
FHN 9.09 -0.94
ZION 34.66 -5.79

SYMBOL LOOKUP

Here's how some shares of commercial banks finished Monday:

National City Corp. added 8 cents to $4.77.

Wachovia Corp. dropped 99 cents, or 6.7 percent, to $13.89, after earlier trading as low as $13.38, its lowest point since late 1991.

First Horizon National Corp. fell 80 cents, or 11.3 percent, to $6.27, after earlier touching $5.88, an all-time low.

Zions Bancorp slipped 28 cents, to $26.77.

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 This material may not be published, broadcast, rewritten or redistributed.

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