Comerica (NYSE: CMA) topped quarterly expectations in its latest earnings report, but the bank delivered a couple of surprises that left investors feeling less confident about what lies ahead.

Wall Street is mostly focused on the negative, sending Comerica shares down about 12% as of noon ET.

Bank stock investors have had a lot to digest so far in 2024. The Federal Reserve's push to fight inflation by raising interest rates has eaten into margins and forced banks to be on the defensive.

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Source Fool.com