Bank of America Q3 profit tumbles 17% as deals, trading revenue fall
Bank of America said Wednesday its third-quarter profit fell 17% from a year earlier as a $1.2 billion regulatory fine and a slowdown in its Wall Street machinery hit higher loan revenue. Bank of America (BAC) shares fell more than 3% in premarket trading. The nation’s second-largest bank reported third-quarter net income of $6.93 billion, … Read more