Bank of America (BofA) shares were flat in pre-market trading on Thursday, after a 5% earnings-led drop in the previous session. Profit at the second-largest US bank fell more than 15% in the third quarter after a $1.2 billion non-tax-deductible charge tied to fines for money laundering and sanctions violations, and net income dropped 17% to $6.9 billion. Total revenue of nearly $30 billion missed analysts' estimates, with fixed-income trading down 17% to $2.55 billion while equity trading rose 10% to $2.51 billion. The US Treasury had earlier fined BofA more than $1 billion for failing to properly report more than $5 billion in suspicious transactions. The stock is nearly 21% below its record high of $65.22 and is down 6% year to date, amid concerns about tighter monetary policy.
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Related tickers and likely impact
JPM
▼ Likely negativeJPMorgan Chase
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Financials |
| Industry | Diversified Banks |
| Market cap | $891.9B |
| Close on 10/14/2026 | 335.28 |
| Change that session | +1.16% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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