Bank of America fined $1.2 billion as shares fall after earnings miss

Summary

CNBC reported that Bank of America was fined $1.2 billion over money-laundering violations. In a later report, CNBC said the bank’s shares fell after a third-quarter revenue miss and a regulatory penalty.

Timeline

1. cnbc.com

   14 Oct 2026, 14:54 UTCSource ↗

   CNBC reported that Bank of America was fined $1.2 billion over money-laundering violations.

2. cnbc.com

   14 Oct 2026, 20:20 UTCSource ↗

   CNBC later reported that Bank of America shares fell after a third-quarter revenue miss and a regulatory penalty.