The Treasury hit BAC with a $1.2B fine over AML/sanctions failures, a 17c/share earnings hit. Reported Q3 EPS of $0.91 missed the $1.10 consensus (17% on a reported basis; $1.08 ex-charge vs $1.10), and revenue of ~$30B missed $30.58B expected. Net interest income +8% to $16.4B was the bright spot. Shares fell ~4% premarket.
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