BofA Q3 miss + $1.2B AML fine: ~24 cents per unreported dollar, ~15% of a quarter's profit
Bank of America missed third-quarter estimates Wednesday ($1.08 adjusted EPS vs ~$1.10 expected) and took a $1.2B charge for the anti-money-laundering fine Treasury announced Tuesday.
Treasury says the bank failed to report $5B+ of suspicious transactions on time. That's ~24 cents per unreported dollar and ~15% of one quarter's $8.1B adjusted profit. It stings. It won't dent the bank.
https://qz.com/bank-of-america-earnings-treasury-penalty-money-laundering-101426
Sources: U.S. Treasury: enforcement actions of more than $1.21B against Bank of America for AML and sanctions violations · Bank of America: Reports Third Quarter 2026 Financial Results (Oct 14, 6:45 AM ET) · @DeItaone: BAC Q3 adj EPS $1.08 vs $1.16 est, GAAP EPS $0.91 incl $1.2B settlement charge ($0.17/share), revenue $29.96B · @zerohedge: BofA Q3: EPS $1.08 vs $1.10 est, revenue $29.96B vs $30.76B, trading ex-DVA $5.05B vs $5.41B est
Not financial advice. For informational and educational purposes only.
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