Sunday, April 13, 2008

Shares of Commercial Banks Dip As Street Worries on GE's Earnings Miss, Guidance Cut

NEW YORK (AP) -- Commercial bank stocks slid Friday morning after General Electric Co.'s first-quarter profit slid and the conglomerate lowered its full-year outlook, causing worry about corporate earnings and the wider economy.

How some shares of commercial banks are trading:

National City Corp., down 7 cents to $8.84.

Wachovia Corp., down 19 cents to $27.68.

First Horizon National Corp., down 11 cents to $13.19.

Zions Bancorp, down 39 cents to $44.51.

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