Bank stocks fluctuated Tuesday as a number of regional banking companies posted mixed results for the third quarter.
The KBW Bank Index closed down 0.45%.
Regions Financial Corp.'s shares rose 1.9%, despite the Birmingham, Ala., company's reporting of a worse-than-expected loss due to higher credit losses.
Meanwhile, Comerica Inc. and M&T Bank Corp. both beat analysts' expectations as credit-quality trends improved. Comerica's shares rose 4.4%, and M&T's, 1.6%.
Marshall & Ilsley Corp.'s shares fell 8.8% after the Milwaukee company posted a loss in line with expectations.
Other decliners included Zions Bancorp., off 6% after the Salt Lake City company reported a worse-than-expected loss late Monday; Bank of America Corp., 0.9%; SunTrust Banks Inc., 1.2%; BB&T Corp., 2.1%; Capital One Financial Corp., 1%; Citigroup Inc., 11 cents, to $4.43 a share, and Huntington Bancshares Inc., 4 cents, to $4.37.
The gainers included JPMorgan Chase & Co., up 0.1%; Wells Fargo & Co., 1.3%; PNC Financial Services Group Inc., 0.5%; U.S. Bancorp., 0.04%; KeyCorp, 3%, and Fifth Third Bancorp, 4.3%.
The Dow Jones industrial average fell 0.5%, and the Standard & Poor's 500 index 0.62%.
