SHOULD YOU BUY BANK OF AMERICA STOCK AFTER A $1.2 BILLION REGULATORY FINE ?

What happened: Bank of America stock fell 4.7% on Oct. 14 after weak third-quarter results and disclosure of a $1.2 billion regulatory fine for money-laundering violations. Key numbers: EPS $0.91 on revenue of $30.12 billion, both below expectations; excluding the fine, EPS would have been $1.08. Investment banking fees fell nearly 16% year over year. Why it matters: CFO Alastair Borthwick said NII should grow about 8% in 2026 and at least 8% in 2027, assuming three quarter-point rate hikes by June 2027. CEO Brian Moynihan said remediation is underway and already funded. Coverage: 3 outlets in 24h

Bank of America stock fell 4.7% on Oct. 14 after weak third-quarter results and disclosure of a $1.2 billion regulatory fine for money-laundering violations.

CFO Alastair Borthwick said NII should grow about 8% in 2026 and at least 8% in 2027, assuming three quarter-point rate hikes by June 2027. CEO Brian Moynihan said remediation is underway and already funded.