Bank of America Earnings Take a $1.2 Billion Hit as Morgan…
By Tobi Opeyemi Amure
Source excerpt · FinanceFeeds
Bank of America earnings missed on both lines this morning, and the entire gap is a penalty the bank disclosed the day before. Third-quarter net income came in at $6.9 billion, or $0.91 a share, against $8.3 billion and $1.04 a year earlier, with revenue of $30.0 billion up 3% . Strip out the $1.2 billion regulatory settlement charge and Bank of America earnings were $1.08 a share on adjusted net…