Closing Glance: Shares of commercial banks fall

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.

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.