Anti-Money Laundering Fine Hits Profit Hard: Bank of America (BAC.US) Q3 Earnings Fall 17%, Missing Expectations

Zhito Finance APP has learned that Bank of America (BAC.US) released its third-quarter 2026 financial report before the U.S. stock market opened on October 14. In the quarter (GAAP), net income was $6.933 billion, and diluted earnings per share were $0.91, lower than $8.332 billion and $1.04 in the same period last year, a year-over-year decline of about 17%; revenue (on a basis after net interest expense) was $30 billion, up 3% year over year, but below the market expectation of about $30.55 billion-$30.69 billion, a shortfall of about $550 million-$690 million.