Bank of America Shares Drop 5% After Q3 Revenue Miss and $1.2 Billion Fine
Macro·1 article across 1 outlet
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Bank of America shares fell Wednesday after the company posted weaker-than-expected trading revenue and the impact of a $1.2 billion Treasury fine.
Investor disappointment over the $1.2 billion government fine added to the bank's downbeat earnings report.
Bank of America
Sources
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SourceReports the news
“Bank of America shares fell Wednesday after the company posted weaker-than-expected trading revenue and the impact of a $1.2 billion Treasury fine.”
CNBC — Bank of America shares drop 5% after third-quarter revenue miss and regulatory penalty“Bank of America's stock falls as investor disappointment over the $1.2 billion government fine added to the bank's downbeat earnings report.”
MarketWatch — Bank of America adds a profit miss to the misery of a $1.2 billion government fine