Opening Glance: Shares of commercial banks fall

NEW YORK—Commercial bank stocks fell Wednesday morning as investors digested Commerce Department data showing the economy grew only 0.6 percent in the first quarter.

While the results show the country is not in a recession, the growth rate mirrored that of 2007's fourth quarter.

Elsewhere, the Federal Reserve is widely expected to lower interest rates Wednesday afternoon as it concludes a two-day meeting.

Here's how some shares of commercial banks are trading:

National City Corp., down 6 cents to $6.37.

Wachovia Corp., down 39 cents to $29.01.

First Horizon National Corp., down 20 cents to $10.87.

Zions Bancorp, down 12 cents to $46.71.