Bank of America shares dropped 5% after the bank reported a third-quarter earnings miss driven by a $1.2 billion penalty for money laundering compliance failures. Despite the penalty, the bank showed strong underlying growth with an 8% rise in net interest income and a 6% increase in average loans. Investment banking revenue declined, but management remains optimistic about future pipelines and AI adoption. The penalty marks a setback after six consecutive quarters of earnings beats, raising concerns about potential higher compliance costs ahead.
Bank of America shares fell 6.24% to USD 50.59 on Pluang as of Oct 14, 2026 19:42 WIB, reflecting investor reaction to the $1.2 billion penalty and earnings miss. Meanwhile, JPMorgan Chase and Wells Fargo showed more resilience, with JPM down 0.94% at USD 328.33 and WFC down 1.54% at USD 79.50 on Pluang during the same period. The Pluang platform also shows a high sell activity for BAC at 76%, contrasting with more balanced or buy-heavy orders for JPM and WFC.
Bank of America announced its financial results for the third quarter of 2026 and provided access to detailed reports and an investor presentation on its website. The company's Chair and CEO Brian Moynihan, along with CFO Alastair Borthwick, will dis...
The U.S. Treasury Department fined Bank of America approximately $1.21 billion for failing to properly investigate trillions in suspicious transactions and violating U.S. sanctions. The penalties include the largest ever from the OCC and a significan...
Bank of America is set to report Q3 earnings with analysts expecting $1.10 per share and $30.54 billion in revenue, up from last year. CEO Brian Moynihan forecasts a 10% drop in investment banking fees and flat trading revenue. The bank's stock has f...
Bank of America is partnering with the New York City Wine & Food Festival to provide its cardholders and BofA Rewards members exclusive access and benefits. These include early entry to select events, discounts on Grand Tasting tickets, and access to...
Bank of America’s Business Advantage Unlimited Cash Rewards Mastercard offers a $500 cash bonus after spending $5,000 in the first 90 days and a base 1.5% cash back on all purchases with no annual fee. Businesses can boost their cash back up to 2.625...
