NEW YORK—Commercial bank stocks rose Wednesday morning after the Mortgage Bankers Association said mortgage application volume rose 3.6 percent from its 2008 low, and refinance volume increased 4.7 percent for the week ended June 27.
Here's how some shares of commercial banks are trading:
National City Corp., up 21 cents, or 4.6 percent, to $4.81.
Wachovia Corp., up 36 cents, or 2.2 percent, to $16.49.
First Horizon National Corp., up 31 cents, or 3.9 percent, to $8.21.
Zions Bancorp, up $1.12, or 3.5 percent, to $33.57.
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