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Closing Glance: Shares of commercial banks jump



By AP
08 July 2008 @ 04:35 pm EST

NEW YORK - Commercial bank stocks jumped Monday as Federal Reserve Chairman Ben Bernanke said the central bank might extend its lending efforts to investment banks, and oil prices fell more than $5 per barrel.

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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

Here's how some shares of commercial banks traded:

National City Corp., up 3 cents to $4.80

Wachovia Corp., up $1.65, or 11.9 percent, to $15.54

First Horizon National Corp., up 87 cents, or 13.9 percent, to $7.14

Zions Bancorp, up $1.76, or 6.6 percent, to $28.53

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 This material may not be published, broadcast, rewritten or redistributed.

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