US Banks: BofA falls, Morgan Stanley rise after Q3 results

Bank of America

14/10/2026 12:41

Updates prices and adds MS
Bank of America Corp BAC.N 
** BAC shares fall 4.1% premarket after Q3 results
** Second-largest US bank reports drop in Q3 profit, hurt by a $1.2 bln fine over anti-money laundering failures
** Q3 profit fell to $6.9 bln, or 91 cents per share, from $8.3 bln, or $1.04 per share, a year earlier
** Its investment banking fees fall 11% to $1.8 billion in the reported quarter
** Stock has dipped about 1.9% YTD
     
Morgan Stanley MS.N 
** MS shares rise 0.4% in choppy premarket trading after Q3 results 
 ** Bank reports higher Q3 profit driven by strong equity trading
** Profit attributable to the bank rises to $4.91 bln, or $3.03/share, beating the $2.91/share analyst estimate, per LSEG-compiled data; co earned $4.61 bln, or $2.80/share, a yr ago
 ** Posts equity trading revenue of $5.8 billion, nearly 41% rise from a year ago
 ** MS shares up ~5.1% YTD 

(Reporting by Rashika Singh in Bengaluru)
((Rashika.Singh@thomsonreuters.com;))