Bank of America Posts $1.2B Third-Quarter Settlement Charge

BANK OF AMERICA Q3 RESULTS INCLUDE A REGULATORY SETTLEMENT CHARGE OF $1.2 BILLION, OR $0.17 PER SHARE || Q3 TOTAL CORPORATION INVESTMENT BANKING FEES (EXCL. SELF-LED) OF $1.8 BILLION || WHILE INVESTMENT BANKING AND SALES AND TRADING REVENUES WERE LOWER, COMMERCIAL LENDING GREW IN EVERY CLIENT SEGMENT 1|| Q3 SALES AND TRADING REVENUE OF $5.1 BILLION