Bank of America's $1.2 Billion Regulatory Settlement Takes A Bite Out Of Earnings
Bank of America stock drops 6% premarket on a $1.2B settlement charge and Q3 earnings miss. Get the full financial breakup here.
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Why It Matters
Bank of America had to pay 1.2 billion dollars to regulators. When a company pays big fines, it means less money for shareholders that quarter.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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