Bank of America Third-Quarter Profit Falls on Fine
OverviewOutlookResult DriversCompany press release: Full StoryKey DetailsAnalyst CoverageReuters Recommended ReadsFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.(This story was cre…
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11:12:47 AM UTC
SquawkNews
CHARLOTTE (dpa-AFX) - Bank of America Corporation (BAC) reported earnings for third quarter that Drops, from last yearThe company's earnings came in at $6.541 billion, or $0.91 per share. This compares with $7.903 billion, or $1.04 per share, last year.Excluding items, Bank of America Corporation…
11:15:47 AM UTC
SquawkNews
Bank of America's third-quarter earnings took a hit from a $1.2 billion regulatory settlement charge tied to U.S. Bank Secrecy Act and anti-money laundering compliance orders. The penalty, which isn't tax-deductible, reduced diluted EPS by $0.17 to $0.91. Without the charge, adjusted EPS would've b…
11:18:02 AM UTC
SquawkNews
By Chelsey DulaneyBank of America's premarket stock decline accelerated after it posted weaker-than-expected earnings.The stock was down about 4% in recent trading. It had been off around 1% before the results, after the bank was hit with a $1.2 billion fine yesterday.The fine ate into Bank of Amer…
com. (This story was cre…