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An erratic Nasdaq composite reversed back into negative territory Thursday and closed down more than 0.5%, as tensions in the Middle East bubbled up again. Chip giant Nvidia rallied nearly 0.8% as it tested a key technical level, the 50-day moving average. Taiwan Semi was not the sole chip play down.
Comerica's (CMA) Q1 results reflect an improvement in its capital ratios. However, challenges emerge with lower net interest income and loan balances, along with higher expenses.
Profits slid sharply at KeyCorp, Comerica and Ally in the first quarter. The results are the latest sign of pressure on regional banks from higher interest rates. + At **Comerica**, net income fell 59% to $131 million, or 98 cents a share.