Closing Glance: Shares of commercial banks jump
By
Associated Press
July 8, 2008
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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.
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