🔴 Bank of America is trading 8% down today after $1.2 billion penalty cut Q3 profit

Bank of America is trading 8.23% lower at ARS 19,970 after third-quarter profit fell 17%, with a regulatory penalty reducing earnings.

• Profit was $6.93 billion, or $0.91 per share; the $1.2 billion penalty related to anti-money-laundering and sanctions-control failures.
• Revenue also missed expectations, partly because trading operations underperformed.