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Bank of America profits fall 17% after $1.2bn money laundering penalty

By Frank Prenesti

Date: Wednesday 14 Oct 2026

(Sharecast News) - Bank of America reported a 17% decline in third-quarter profit after taking a $1.2bn charge linked to a major US anti-money laundering settlement, with the regulatory penalty overshadowing an otherwise mixed set of results.


The US banking giant posted net income of $6.93bn, or $0.91...

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