Bank of America Reports Third-Quarter Revenue of $30B
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10:46:23 AM UTC
SquawkNews
Bank of America's NYSE:BAC profit fell in the third quarter as it set aside $1.2 billion to cover fines by US regulators over widespread failures to detect potential money laundering and other illicit activity.The second-largest US bank's profit was $6.9 billion, or 91 cents per share, in the thre…
10:47:39 AM UTC
SquawkNews
Bank of America 3Q Global Wealth & Investment Mgmt Rev $7.1B, Up 13% >BAC
10:48:15 AM UTC
SquawkNews
Bank of America 3Q Consumer Banking Rev $11.6B, Up 4% >BAC
10:52:04 AM UTC
SquawkNews
By Gina HeebBank of America is reporting a third-quarter profit that came in below analyst expectations.The results come after the Treasury Department said yesterday that it fined the bank $1.2 billion after finding it had insufficient systems to monitor for financial crimes. Bank of America says i…