Tuesday's Financial Winners & Losers

The financial sector was mixed to flat Tuesday, largely mirroring the rest of the market's movement as earnings reports flooded in.

Detroit-based bank Comerica (CMA Quote) was one of the sector's bigger percentage gainers, bouncing 2.4% to $62.26 after posting $1.21 per-share income (excluding items) that bested first-quarter analyst estimates from Thomson Financial by 3 cents. SunTrust Banks (STI Quote) of Atlanta likewise topped first-quarter targets by 3 cents despite slightly lower income of $1.44 a share, or $513.9 million. Shares lately gained 2.2% to $83.15.

M&T Bank (MTB Quote) and Mellon Financial (MEL Quote) both topped first-quarter projections, as did California's East West Bancorp (EWBC Quote), which led the percentage gainers among financial stocks following Monday's after-hours leap. M&T shares gained 1% to $108.68; Mellon was up 1.2% to $44.66; and East West recently jumped $4.12, or 11.5%, to $39.98.

Away from earnings news, Friedman Billings (FBR Quote) was up 0.9% at $5.95 on word the broker prematurely ended a credit agreement with several banks, saying it has never drawn from the allotted funds and that its financial position is strong enough to preclude any future need for them.

On the other hand, TD Ameritrade (AMTD Quote) sank 7.6% to $15.59 after it was just shy of first-quarter profits expectations. The online broker made $141 million, or 23 cents a share. KeyCorp (KEY Quote), a Cleveland-based bank, also dropped in the wake of a disappointing bottom line -- 68 cents a share from continuing operations (adjusted) vs. 71 cents sought by analysts. Shares were off 6.3% to $36.17. US Bancorp (USB Quote) shed 0.9% to $34.60 after profits were flat year over year at 63 cents a share, and missed by 2 cents.