BUZZ — BofA shares fall after $1.2 bln Treasury — related settlement charge
* Bank of America fall 1.5% to $53.2 premarket * Co says it will take a $1.2 bln charge to settle regulatory probes into its anti-money laundering controls, a penalty which BAC said could hurt its Q3 earnings * The fine, one of the largest ever from the Treasury Dept, stems from failures to detect and report suspicious activity, including over $5 bln in transactions * Co will take a $1.2 bln non-tax-deductible charge in its Q3 results, due on Wed, which will reduce net income by ~17 cents a share * 20 of 25 brokerages rate the stock "buy" or higher and five "hold"; median PT is $66 - LSEG-compiled data * As of last close, stock down 1.9% YTD (Reporting by Anand Gopal in Bengaluru) ((AnandGopal.R@thomsonreuters.com)
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