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Sector Snap: Banks pare some of prior day's losses



By SARA LEPRO, AP
15 July 2008 @ 03:18 pm EST

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Quotes
WM 0.16 0
IMB 0.119999997317791 -0.16
FNM 0.84 -0.32
FRE 0.91 -0.27
FHN 8.92 -1.77
WB 4.3 -1.32
JPM 26.12 -5.54
NCC 1.6 -0.41
BAC 12.85 -3.4
ZION 25.91 -5.98

SYMBOL LOOKUP

Shares jumped 92 cents, or 18.3 percent, to $5.96. Shares have traded between $4.52 and $39.03 in the past 12 months.

Here's how other major bank stocks fared in afternoon trading:

Wachovia Corp. rose 12 cents to $9.96, after bottoming out at $7.80 earlier in the session.

Zions Bancorp added 12 cents to $19.85, after hitting a new low of $17.53 in early trading.

JPMorgan Chase & Co. gained 21 cents to $32.

National City Corp. and Bank of America Corp. were among the decliners. National City lost 37 cents, or 9.8 percent, to $3.40, while Bank of America fell 65 cents, or 3.2 percent, to $19.50.

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 This material may not be published, broadcast, rewritten or redistributed.

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