Bank of America's $1.2B fine plus profit miss sinks shares
Investors punish the bank twice: a hefty government penalty and a downbeat earnings report. Here is what it signals for big banks.
By Khalid Al-Harbi·· 3 min

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Investors punish the bank twice: a hefty government penalty and a downbeat earnings report. Here is what it signals for big banks.
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A $1.2 billion Treasury fine and weak trading revenue sent Bank of America shares down 8% - here's what it signals for big-bank earnings season.
The third-largest penalty in Treasury history also hits Q3 earnings by $0.17 per share and forces an independent compliance review.