BofA Q3 Misses, AML Fine Triggers Worst Day Since 2025
BAC is trading near its 52-week low of $46.115 (11% above the low) on elevated volume (2.1× avg).
Summary
Bank of America's Q3 earnings missed Wall Street forecasts even excluding the $1.2 billion AML penalty, and the stock fell roughly 6% to around $51 — its largest one-day drop since April 2025. Profit fell to $6.9 billion on revenue just shy of $30 billion, with sales and trading revenue down about 5% year over year. The fine, announced Tuesday, knocked 17 cents a share off earnings and included a record $750 million civil money penalty from the OCC. Analysts pressed management on whether more regulatory charges could follow, with JPMorgan's Vivek Juneja calling it a surprise and a reputational issue. Separately, the OCC again alleged the bank improperly closed customer accounts, adding another regulatory overhang.
At the time of this announcement, BAC was trading at $50.99 on NYSE in the Finance sector, with a market capitalization of approximately $356.6B. The 52-week trading range was $46.12 to $65.23. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.