Bank of America Misses Q3 Revenue Estimates and Faces $1.2 Billion Regulatory Fine

Bank of America (NYSE: BAC) reported third-quarter 2026 revenue of $29.96 billion, falling short of market expectations, with GAAP profit per share at $0.91, 17.6% below consensus estimates. Additionally, federal regulators imposed a $1.2 billion penalty on the company due to widespread failures in its safeguards against money laundering and other illicit financial activities.