Bank of America's Earnings Miss and $1.2 Billion Penalty Dragged Down Banks and Fintechs
Adjusted profit of $1.08 a share fell short of estimates, and an anti-money-laundering fine added to the damage, pulling SoFi lower in sympathy.
Bank of America shares fell 5% on Oct. 14, 2026 after adjusted EPS of $1.08 missed estimates and the bank took a $1.2 billion anti-money-laundering penalty.