Bank of America reported a third-quarter net income of $6.9 billion, down from $8.3 billion a year earlier, mainly due to a $1.2 billion regulatory penalty related to compliance issues. Excluding this charge, adjusted net income rose to $8.1 billion, supported by a 3% revenue increase to $30 billion driven by higher interest income and wealth management fees. Consumer banking and asset management showed growth, while investment banking fees and trading revenue declined. The bank returned $8.3 billion to shareholders and maintained a strong capital ratio of 10.9%. Shares dropped nearly 8% following the announcement.
Bank of America shares have fallen sharply by 8.41% on Pluang as of Oct 14, 2026 21:02 WIB, trading at USD 49.42, close to their 52-week low of USD 46.72 and well below the 52-week high of USD 64.81. This drop contrasts with the bank's maintained strong capital ratio and dividend yield of 2.37%, while the majority of Pluang investors are selling, with 76% of order activity on the platform being sell orders. The stock's market cap stands at $377.33 billion, reflecting significant investor caution following recent regulatory penalties.
Bank of America reported Q3 2026 earnings with EPS of $1.08, below the $1.10 estimate, and revenue of $30 billion, missing the $30.58 billion forecast. The earnings miss was mainly due to a regulatory settlement charge and a $1.2 billion government f...
Bank of America’s Business Advantage Customized Cash Rewards Mastercard offers a $500 welcome bonus after $5,000 in purchases within 90 days and 3% cash back in a chosen category. Businesses maintaining $100,000 in combined Bank of America accounts c...
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 in...
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...
