Bank of America Q3 results to include $1.2 billion charge, cutting net income by about 17 cents per share
BAC•Bank of America said its Q3 results will include a non-tax-deductible charge of $1.2 billion, reducing net income by about 17 cents per share.
1. Q3 charge
A Bank of America spokesperson said the company’s Q3 results will include a non-tax-deductible charge of $1.2 billion, impacting net income by about 17 cents per share. The spokesperson said the bank is far along and committed to completing work required to address issues raised by regulators, and that costs for ongoing remediation efforts are in its current expense base.
