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. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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