Bank of America missed third-quarter profit estimates on Wednesday due to weakness in its capital markets business and disclosed a $1.2 billion charge tied to a regulatory penalty over ​failures to detect potential money-laundering activity.

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Reuters Business

Reuters Business

 

BofA misses profit estimates on capital market weakness; books $1.2 billion charge 

 

Morgan Stanley profit rises on equity trading strength 

 

S&P 500, Dow futures inch up before inflation data; bank results in focus 

 

Trump tariff threat built a US copper mountain, but the effects are fading 

 

High gasoline prices expected to boost US consumer inflation in September 

 

BlackRock draws $205 billion in client funds as quarterly profit beats estimates 

 

Wall Street firms tie bonuses, promotions to AI skills, survey finds 

 

Inside the booming market for US midterm election bets  

 

IMF calls for US to cut deficits amid bond woes, urges China to shift away from exports 

 

After hybrid car deal, EU needs to rebalance China trade in other sectors, Dombrovskis says 

 

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