BofA shares fall after $1.2 bln Treasury-related settlement charge

Bank of America

14/10/2026 10:10

** Bank of America BAC.N fall 1.5% to $53.2 premarket
** Co says it will take a $1.2 bln charge to settle regulatory probes into its anti-money laundering controls, a penalty which BAC said could hurt its Q3 earnings
** The fine, one of the largest ever from the Treasury Dept, stems from failures to detect and report suspicious activity, including over $5 bln in transactions
** Co will take a $1.2 bln non-tax-deductible charge in its Q3 results, due on Wed, which will reduce net income by ~17 cents a share
** 20 of 25 brokerages rate the stock "buy" or higher and five "hold"; median PT is $66 - LSEG-compiled data
** As of last close, stock down 1.9% YTD

 (Reporting by Anand Gopal in Bengaluru)
 ((AnandGopal.R@thomsonreuters.com))