Bank of America's Profit Misses Expectations After $1.2 Billion Treasury Fine -- WSJ

By Gina Heeb

Bank of America is reporting a lower third-quarter profit from a year ago 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 its results include a charge that hit its results by 17 cents per share.

-- The bank says its profit was $6.9 billion for the third quarter, down from $8.3 billion a year ago. Not including the regulatory charge, it said net income would've been $8.1 billion.

-- On a per share basis, it earned 91 cents per share. Excluding the regulatory charge, Bank of America said earnings were $1.08 per share, still below the $1.10 per share analysts expected.

-- Revenue was just shy of $30 billion, and below the $30.58 billion analysts expected.

Its shares were down in pre-market trading.

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October 14, 2026 07:14 ET (11:14 GMT)