StocksMediumUpdated•Originally published 14 October 2026•Updated 14 October 2026•
1 min read
Bank of America Shares Fall 5% on Earnings Miss and $1.2 Billion Federal Fine
Key Facts
1Bank of America missed both revenue and earnings expectations for the period.
2The Federal government levied a $1.2 billion fine on the company late yesterday.
Bank of America shares fell 5% today after the company reported adjusted earnings per share of $1.08, missing analyst estimates. The Motley Fool reported that the federal government imposed a $1.2 billion fine on the bank late yesterday, further fueling the sell-off.
BAC was trading at $51.26 on October 14, 2026, following the decline, after closing at $53.96 on the previous day. Within the banking sector, JPM was trading at $333.57 on October 14, 2026, while WFC closed at $80.74 on October 13, 2026.