Macro Finance
Bank of America shares drop 7% after third-quarter revenue miss and regulatory penalty
CNBC Business·October 14, 2026·1 min read
Bank of America shares fell 7% Wednesday after the bank reported weaker-than-expected third-quarter trading revenue and took a $1.2 billion Treasury fine. The penalty and revenue miss weighed on results, sending the stock lower in trading. The company did not provide revised quarterly guidance in the release.
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