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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


(CMA) - Get Comerica Incorporated Report

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) - Get SunTrust Banks, Inc. Report

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) - Get M&T Bank Corporation Report


Mellon Financial

( MEL) both topped first-quarter projections, as did California's

East West Bancorp

(EWBC) - Get East West Bancorp Inc. Report

, 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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Away from earnings news,

Friedman Billings


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) - Get AMTD IDEA Group American Depositary Shares each representing one Class A Report

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.


(KEY) - Get KeyCorp Report

, 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) - Get U.S. Bancorp Report

shed 0.9% to $34.60 after profits were flat year over year at 63 cents a share, and missed by 2 cents.


Charles Schwab

(SCHW) - Get Charles Schwab Corporation (The) Report



(JEF) - Get Jefferies Financial Group Inc. Report

were each lower despite respectively meeting and beating first-quarter income estimates. Schwab recently lost 1.5% to $19.21 in mixed trading. Jeffries began higher before quickly taking a slide, with shares lately giving up 3.3% to $29.15.

Tying up the sector's losers today was

Washington Mutual

(WM) - Get Waste Management Inc. Report

, which slipped after

The Wall Street Journal

reported that 15% of its loans originated last year were of a more risky nature -- those for the purposes of second homes and investment houses. This was the highest proportion among mortgage lenders cited in the study. Shares were down 0.5% to $40.51.

Broad sector indices were mixed and little changed -- the


Financial Sector Index edged up 4.88 points at 9743.62, as the KBW Bank Index slipped 11 points to 115.25.