Bank of America shareholders face Dec 15 lead plaintiff deadline in fraud suit

Bernstein Liebhard LLP joins multiple firms pursuing Bank of America in securities fraud litigation. Lead plaintiff deadline for all class actions is December 15, 2026. Class period covers stock purchases between August 1, 2025 and October 13, 2026. Allegations center on undisclosed anti-money laundering compliance failures and $1.21 billion in fines. Q3 net income fell to $6.9 billion due to a $1.2 billion regulatory settlement charge.

Bank of America names Jim Fitterling and Bill Thomas to board

Bank of America Corporation appointed Jim Fitterling and Bill Thomas as directors effective immediately. Jim Fitterling brings experience as former CEO of Dow Inc. and current Executive Chairman. Bill Thomas joins after serving as Global Chairman and CEO of KPMG International until 2026. Appointments aim to strengthen oversight of long-term strategy through complementary leadership skills.

Rep. Laurel Lee sells up to $100K in Bank of America stock

Rep. Laurel Lee sold Bank of America shares valued between $50,001 and $100,000. The transaction took place on August 24, 2026, with filing recorded October 16, 2026. Lee also purchased Nokia Corp shares worth $15,001-$50,000 in September 2026. Total trading activity over three years exceeds $679 thousand across 24 transactions.

Bank of America Q3FY26 Results: Net income falls 17% YoY

Net income fell 17% YoY to $6.9 billion. Revenue rose 3% YoY to $29.96 billion but missed estimates. Global Markets earnings dropped to $1.24 billion from $1.65 billion. Six major analysts cut price targets, maintaining Buy or Hold ratings.

BofA Q3 net income falls to $6.9 billion amid fines and AI remediation costs

Net income fell to $6.9 billion, missing analyst estimates even after excluding the $1.2 billion regulatory fine. CEO Brian Moynihan revealed the bank hired 1,000 contractors to fix software flaws exposed by Anthropic's Mythos AI model. Q3 expenses included "a couple hundred million plus" for software repairs and AML compliance remediation. Stock dropped more than 8% following the earnings miss and Treasury penalties, erasing $32 billion in market value.

Bank of America Q3 Preview: Revenue seen at $30.69 billion, EPS $1.11

Revenue estimated at $30.69 billion, up from $28.24 billion in prior year. EPS projected at $1.11, beating estimates for 16 consecutive quarters. Shares down 3.6% year-to-date in 2026 despite consistent earnings beats. Analysts lower price targets, with UBS cutting target to $67 and JPMorgan to $62.