Bank Of America Q3 Profit Drops On $1.2 Bln Treasury Fine; Shares Hit


Shares of Bank of America Corp. were losing around 6 percent in the pre-market activity on the NYSE after the banking major reported lower third-quarter earnings, hurt by a $1.2 billion fine imposed by the U.S. Department of the Treasury on anti-money laundering issues. Revenues, however, increased with higher net interest income and growth in consumer Banking as well as Global Wealth and Invest





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