# Bank of America Shares Drop 21% From Peak

> Bank of America shares fell 21% from record high after earnings drop and $1.2 billion regulatory fine.
- Title: Bank of America Shares Drop 21% From Peak · mint | Shortify
- Summary: Bank of America shares fell 21% from record high after earnings drop and $1.2 billion regulatory fine. Bank of America shares dropped 21% from record high…
- Keywords: bank of america, us stocks, regulatory fine, earnings report, monetary policy, trading revenue, loan balances, money, business, Bank, America, Shares
- Source: mint — https://livemint.com/market/stock-market-news/bank-of-america-shares-flat-after-earnings-driven-sell-off-slide-over-20-from-recent-peak-11792064609643.html
- Author: A Ksheerasagar
- Published: 2026-10-15T12:36:23+00:00
- Read time: 1 min
- Topics: bank of america, us stocks, regulatory fine, earnings report, monetary policy, trading revenue, loan balances, money, business
## Bank of America Shares
Bank of America shares fell 21% from record high after earnings drop and $1.2 billion regulatory fine.

> Bank of America shares flat after earnings-driven sell-off; slide over 20% from recent peak
## Earnings Drop
Earnings dropped 17% to $6.9 billion after a $1.2 billion regulatory fine.
## Regulatory Fine
Bank took $1.2 billion hit for money laundering and sanctions violations.

> The US Treasury Department said on Tuesday that the bank had effectively outsourced a key part of its compliance efforts as it sought to protect revenue
## Trading Results
Fixed-income trading revenue declined 17% to $2.55 billion.
## Loan Balances
Loan balances increased 6.3% year-on-year to $1.23 trillion.
## Consumer Impact
Bank set aside $1.27 billion for potentially souring loans.
## Market Reaction
Shares dropped 6% this month after 12% decline in September.
## Key takeaway

Bank of America shares dropped 21% from record high after reporting $6.9 billion earnings with a $1.2 billion regulatory fine.