Commercial bank stocks were mixed Thursday morning after Federal Reserve Chairman Ben Bernanke said the financial sector needs to do a better job detecting and protecting itself against risks, like the recent credit and subprime crises.
Meanwhile investors digested a jump in jobless claims last week and a dip in industrial production during April that had the broader market fluctuating between gains and losses.
Here's how some shares of commercial banks are trading:
National City Corp., up 2 cents to $5.87.
Wachovia Corp., down 45 cents to $27.19.
First Horizon National Corp., down a penny to $10.01.
Zions Bancorp., down 21 cents to $44.86.
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