Bank of America's $1.2B Fine Just Cost Shareholders 25 Times That
Bank of America stock plunges 8% after a $1.2B compliance fine and weak Q3 results, with investment banking and trading revenue falling.
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Why It Matters
Bank of America got fined $1.2 billion for rule breaking. The stock fell hard because earnings were weaker than expected too.
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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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