New York, New York--(Newsfile Corp. - October 24, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of common stock of Bank of America Corporation (NYSE: BAC) between August 1, 2025 and October 13, 2026, inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026.
SO WHAT: If you purchased Bank of America common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Bank of America class action, go to https://rosenlegal.com/cases/bank-of-america-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants knew or recklessly disregarded, but failed to disclose that: (1) systemic weaknesses in Company subsidiary Bank of America, N.A's ("BANA") BSA/AML program caused it to fail to properly monitor trillions of dollars in transactions and to miss, delay, or file inaccurate or incomplete suspicious activity reports involving billions of dollars in suspicious activity; (2) internal reports had documented BANA's BSA/AML deficiencies for years, yet BANA had not adequately remedied them after the 2024 Consent Order; (3) BANA also had deficiencies in its sanctions compliance program and processed transactions later identified as apparent violations of multiple sanctions programs; and (4) fixing these deficiencies required significant additional compliance resources and exposed BANA to substantial penalties and costs. These facts rendered defendants' statements about the scope of BANA's compliance failures, its progress under the 2024 Consent Order, and the expected costs and penalties materially false and misleading. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Bank of America class action, go to https://rosenlegal.com/cases/bank-of-america-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320533
Source: The Rosen Law Firm PA
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Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of common stock of Bank of America Corporation (NYSE: BAC) between August 1, 2025 and October 13, 2026, inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026.
SO WHAT: If you purchased Bank of America common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Bank of America class action, go to https://rosenlegal.com/cases/bank-of-america-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants knew or recklessly disregarded, but failed to disclose that: (1) systemic weaknesses in Company subsidiary Bank of America, N.A's ("BANA") BSA/AML program caused it to fail to properly monitor trillions of dollars in transactions and to miss, delay, or file inaccurate or incomplete suspicious activity reports involving billions of dollars in suspicious activity; (2) internal reports had documented BANA’s BSA/AML deficiencies for years, yet BANA had not adequately remedied them after the 2024 Consent Order; (3) BANA also had deficiencies in its sanctions compliance program and processed transactions later identified as apparent violations of multiple sanctions programs; and (4) fixing these deficiencies required significant additional compliance resources and exposed BANA to substantial penalties and costs. These facts rendered defendants’ statements about the scope of BANA’s compliance failures, its progress under the 2024 Consent Order, and the expected costs and penalties materially false and misleading. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Bank of America class action, go to https://rosenlegal.com/cases/bank-of-america-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
New York, New York--(Newsfile Corp. - October 23, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of common stock of Bank of America Corporation (NYSE: BAC) between August 1, 2025 and October 13, 2026, inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026.
SO WHAT: If you purchased Bank of America common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Bank of America class action, go to https://rosenlegal.com/cases/bank-of-america-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants knew or recklessly disregarded, but failed to disclose that: (1) systemic weaknesses in Company subsidiary Bank of America, N.A's ("BANA") BSA/AML program caused it to fail to properly monitor trillions of dollars in transactions and to miss, delay, or file inaccurate or incomplete suspicious activity reports involving billions of dollars in suspicious activity; (2) internal reports had documented BANA's BSA/AML deficiencies for years, yet BANA had not adequately remedied them after the 2024 Consent Order; (3) BANA also had deficiencies in its sanctions compliance program and processed transactions later identified as apparent violations of multiple sanctions programs; and (4) fixing these deficiencies required significant additional compliance resources and exposed BANA to substantial penalties and costs. These facts rendered defendants' statements about the scope of BANA's compliance failures, its progress under the 2024 Consent Order, and the expected costs and penalties materially false and misleading. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Bank of America class action, go to https://rosenlegal.com/cases/bank-of-america-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320435
Source: The Rosen Law Firm PA
Ready to Announce with Confidence?
Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
, /PRNewswire/ -- National securities litigation law firm Hagens Berman alerts investors in Bank of America Corporation (NYSE: BAC) to a securities class action lawsuit filed in federal court against Bank of America and certain senior executives alleging violations of federal securities laws. The firm urges investors with substantial losses to submit their trading information.
Class Period: Aug. 1, 2025 – Oct. 13, 2026
Lead Plaintiff Deadline: Dec. 15, 2026
Visit: www.hbsslaw.com/bac
Contact Email: [email protected]
Direct Firm Phone: 844-916-0895
Case Overview & Summary of Allegations
The securities class action lawsuit alleges that throughout the Class Period, Defendants made false and/or misleading statements and failed to disclose material adverse facts regarding Bank of America's compliance controls and regulatory risk exposure. Specifically, Defendants failed to disclose that:
Deficient AML & BSA Compliance Controls: Bank of America maintained deficient Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) monitoring systems, underresourcing compliance functions in favor of revenue generation.
Underreported Suspicious Transactions: The Bank failed to detect, track, or report over $5 billion in suspicious transactions to the Financial Crimes Enforcement Network (FinCEN), including over $1 billion tied to high-risk illicit finance.
Regulatory & Financial Exposure: As a result of these failures, Bank of America faced immense regulatory enforcement actions and multi-billion-dollar penalties, making its prior statements regarding regulatory compliance, risk management, and internal controls materially false and misleading.
The Disclosure & Market Impact
On October 13, 2026, the U.S. Department of the Treasury, FinCEN, and the Office of the Comptroller of the Currency (OCC) announced landmark enforcement actions requiring Bank of America to pay over $1.2 billion in penalties for widespread BSA/AML failures and backlog issues.
Following this disclosure, Bank of America's stock price fell sharply by over 4.8%, closing at $51.39 per share on October 14, 2026, wiping out billions of dollars in market value and causing substantial damages to shareholders.
What Can BAC Investors Do?
If you purchased Bank of America Corporation (NYSE: BAC) shares during the Class Period (August 1, 2025 – October 13, 2026) and suffered losses, you may move the Court to serve as Lead Plaintiff no later than December 15, 2026. A Lead Plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Submit your losses now
Learn More: Visit www.hbsslaw.com or contact Reed Kathrein at (844) 916-0895 or via email at [email protected].
"We're focused on the apparent disparity between the bank's assurances and the Treasury's revelations," said Reed Kathrein, a Hagens Berman partner.
Whistleblowers: Persons with non-public information regarding Bank of America should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.
Wall Street investors are fleeing stocks at a pace that has Bank of America scrambling to explain what is actually happening, and the real danger may not be the selling itself but where everyone is running for cover.
Wall Street’s love affair with artificial intelligence is running into an uncomfortable reality. After spending much of 2026 piling into AI stocks, investors are discovering that even revolutionary technology has a price ceiling. Rising borrowing costs, enormous data-center spending commitments, and questions about when those investments will pay off have sent traders looking for the exits.
But the selling is spreading far beyond the AI companies that started the trouble. Money managers are unloading stocks across entire sectors, raising the possibility that the market’s next big risk isn’t simply an AI bubble bursting — it’s the rush to escape one.
Bank of America Uncovers a $14.8 Billion Exodus Bank of America (NYSE:BAC | BAC Price Prediction), the nation’s second-largest bank by assets, has put some remarkable numbers behind Wall Street’s retreat.
According to an October report from BofA Securities strategist Jill Carey Hall, the bank’s clients sold a record $14.8 billion worth of individual stocks in a single week, even as they purchased $2.8 billion in equity exchange-traded funds. The S&P 500 fell 1.9% during the reporting period.
The selling crossed nearly every major investor category. Institutional clients were net sellers for a third consecutive week, retail clients reversed two weeks of buying, and hedge funds sold stocks for the first time in five weeks.
The damage wasn’t confined to artificial intelligence.
Sector Bank of America Finding Technology Second-largest dollar outflow on record Industrials Record weekly outflow; 12 consecutive weeks of selling Energy Largest net inflows; first positive week in six Healthcare ETFs Largest sector ETF inflows Source: BofA Securities Equity Client Flow Trends, October 2026.
The exodus from technology is understandable given growing concerns about whether Big Tech’s trillion-dollar AI spending boom will generate sufficient returns.
Yet the industrial selling suggests investors aren’t simply abandoning expensive chipmakers. They’re retreating from companies tied to the broader economic expansion, too.
A massive $14.8 billion sell-off is rocking the market, and the scramble for safety might be creating an even bigger bubble. The AI Bubble Is Creating a Second Danger Surprisingly, the stock market isn’t seeing a universal flight from equities. Bank of America’s separate fund-flow data, compiled using EPFR Global figures for the week ended Oct. 21, showed technology funds attracting $18.8 billion, their strongest inflows since July.
That apparent contradiction reveals how divided investors have become. Bank of America’s client-trading figures show investors selling individual technology stocks, while broader fund-flow data show others continuing to buy the sector.
The selling has nevertheless accelerated. On Oct. 22, the Nasdaq Composite declined 2.6%, while semiconductor stocks lost approximately 6.7%.
The pressure extends to AI infrastructure spending. Billionaire Ken Griffin has warned that artificial intelligence is almost certainly a bubble, even as his Citadel investment firm maintains billions of dollars in AI-related holdings.
Ironically, the scramble for safety could create another problem. If everyone abandons expensive technology stocks for the same handful of defensive investments, those supposedly safer alternatives can become overpriced themselves. Energy, consumer staples, and healthcare may offer shelter from AI-related volatility, but their valuations still need to justify their earnings prospects.
A bubble inside a bubble is possible when investors confuse a popular hiding place with a bargain.
Key Takeaway Bank of America’s numbers reveal genuine selling pressure, but they don’t establish that another stock market crash is inevitable.
The bank also noted that October historically brings heavy institutional tax-loss selling ahead of many mutual funds’ Oct. 31 fiscal year-end. Some of today’s selling could therefore reflect portfolio housekeeping rather than a fundamental rejection of stocks.
For long-term investors, the better approach is to examine portfolio concentration. The S&P 500’s growing dependence on a handful of technology giants means even index investors can carry more AI exposure than they realize. Stark evidence was on display yesterday: Two-thirds of the index’s stocks rose, but the index still closed in the red.
In short, don’t sell profitable businesses simply because Wall Street is running for cover. But don’t chase defensive stocks without checking their valuations, either.
The $14.8 billion stampede is a warning about investor behavior, not a verdict on artificial intelligence’s future. Smart investors should be looking for sound businesses trading at reasonable prices while everyone else is watching the exits.
Contact [email protected] for any questions or corrections.
LOS ANGELES--(BUSINESS WIRE)--Investors in Bank Of America Corporation ("Bank of America" or the "Company") (NYSE: BAC) have until December 15, 2026 to ask the Court to appoint them lead plaintiff in a securities fraud class action lawsuit filed on behalf of investors who purchased or otherwise acquired Bank Of America Corporation securities between August 1, 2025 and October 13, 2026, inclusive. Glancy Prongay Wolke & Rotter LLP ("Glancy") today reminded investors of the upcoming deadline.
Lawsuit alleges Bank Of America Corporation made misleading statements to investors from August 1, 2025 to October 13, 2026; lead plaintiff motions are due December 15, 2026
, /PRNewswire/ -- The Law Offices of Frank R. Cruz today announced a class action lawsuit against Bank Of America Corporation ("Bank of America" or the "Company") (NYSE: BAC) on behalf of investors who acquired the Company's securities from August 1, 2025 to October 13, 2026. Filed on October 16, 2026, the case is New England Teamsters Pension Fund v. Bank of America Corporation et al., U.S. District Court Southern District of New York, Case No. 1:26-cv-09137.
If you lost money on Bank Of America Corporation securities, submit your Bank Of America Corporation loss information by December 15, 2026 to learn about participating in the lawsuit.
Bank Of America Corporation class action timeline
Class period begins: August 1, 2025 Class period ends: October 13, 2026 Complaint filed: October 16, 2026 Lead plaintiff motion deadline: December 15, 2026 What happened?
On October 13, 2026, the U.S. Department of the Treasury announced a $1.2 billion fine against Bank of America Corporation for violations of anti-money laundering and sanctions laws. According to the Department of the Treasury, Bank of America Corporation failed to mitigate and report priority national security risks. The Department of the Treasury also found that the Company's Bank Secrecy Act and anti-money laundering compliance programs were deficient and ineffective.
On this news, Bank of America stock fell $2.57 or, 4.76%, to close at $51.39 on October 14, 2026, thereby injuring investors.
What is the Bank Of America Corporation lawsuit about?
The Bank Of America Corporation securities lawsuit alleges that, between August 1, 2025 and October 13, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Bank Of America Corporation's business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose that: (1) systemic weaknesses in BANA's BSA/AML program caused it to fail to properly monitor trillions of dollars in transactions and to miss, delay, or file inaccurate or incomplete suspicious activity reports involving billions of dollars in suspicious activity; (2) internal reports had documented BANA's BSA/AML deficiencies for years, yet BANA had not adequately remedied them after the 2024 Consent Order; (3) BANA also had deficiencies in its sanctions compliance program and processed transactions later identified as apparent violations of multiple sanctions programs; (4) fixing these deficiencies required significant additional compliance resources and exposed BANA to substantial penalties and costs; and (5) as a result, defendants' positive statements about Bank Of America Corporation's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
"According to the complaint filed against Bank Of America Corporation, the Company, among other things, did not disclose that systemic weaknesses in BANA's BSA/AML program caused it to fail to properly monitor trillions of dollars in transactions and to miss, delay, or file inaccurate or incomplete suspicious activity reports involving billions of dollars in suspicious activity. The December 15, 2026 deadline is a key date for Bank Of America Corporation investors who want a voice in how this case moves forward," said Frank R. Cruz of The Law Offices of Frank R. Cruz.
What should Bank Of America Corporation investors do now?
The Law Offices of Frank R. Cruz can help Bank Of America Corporation investors evaluate potential claims to recover their losses.
Investors who want to serve as lead plaintiff in the Bank Of America Corporation class action must file a motion with the Court by December 15, 2026. For more information, visit the Bank Of America Corporation case page, email [email protected], or call 310-914-5007.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
Investors may retain counsel of their choice. Bank Of America Corporation investors who bought during the class period may also take no action and remain absent class members. No class has been certified yet in the Bank Of America Corporation case.
Questions and answers about the Bank Of America Corporation lawsuit
Who is eligible? Investors who bought Bank Of America Corporation securities between August 1, 2025 and October 13, 2026 and lost money may be class members, and may seek lead plaintiff appointment by December 15, 2026.
What does a lead plaintiff do? The lead plaintiff is appointed by the court to represent all class members and direct the Bank Of America Corporation class action.
Must I be lead plaintiff to share in a recovery? No, Bank Of America Corporation investors can take no action and remain absent class members.
How are attorneys' fees handled? The Law Offices of Frank R. Cruz works on contingency, so investors pay no attorneys' fees unless there is a recovery, and any fees require court approval.
About The Law Offices of Frank R. Cruz
The Law Offices of Frank R. Cruz investigates and prosecutes securities fraud and corporate malfeasance class actions. With nearly 20 years of litigation experience, the firm focuses on complex securities class actions and gives each client personal, one-on-one attention throughout the legal process.
Prior results do not guarantee a similar outcome.
Related links
Bank Of America Corporation case page, The Law Offices of Frank R. Cruz Complaint: New England Teamsters Pension Fund v. Bank of America Corporation et al., U.S. District Court Southern District of New York Bank Of America Corporation SEC filings index, EDGAR The Law Offices of Frank R. Cruz Follow The Law Offices of Frank R. Cruz for updates on Twitter: twitter.com/FRC_LAW
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
SOURCE The Law Offices of Frank R. Cruz, Los Angeles
NEW YORK, Oct. 23, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Bank of America Corporation (NYSE:BAC) and certain of the company’s senior executives for securities fraud after a significant stock drop resulting from potential violations of the federal securities laws.
If you invested in Bank of America, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/bank-of-america-class-action-lawsuit.
Key Details of the Bank of America ($BAC) Class Action:
Lead Plaintiff Deadline: December 15, 2026Alleged Misconduct: Securities fraud alleging Bank of America misrepresented the scope and financial consequences of its Bank Secrecy Act and anti-money laundering compliance failuresStock Drop: October 14, 2026 – 4.8% Stock DropCourt: U.S. District Court for the Southern District of New YorkAction: Contact BFA Law to discuss your rights Investors have until December 15, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Bank of America stock. The class action is pending in the U.S. District Court for the Southern District of New York. It is captioned New England Teamsters Pension Fund v. Bank of America Corporation, et al., No. 26-cv-9137.
Why is Bank of America Being Sued for Securities Fraud?
Bank of America is a multinational bank holding company that conducts most of its banking business through its subsidiary, Bank of America, N.A. (“BANA”). In 2024, the Office of the Comptroller of the Currency issued a cease-and-desist order against BANA that required it to take comprehensive corrective actions to address deficiencies in its Bank Secrecy Act and anti-money laundering compliance programs.
According to the complaint, Bank of America misled investors by touting the company’s progress in carrying out those required corrective actions while downplaying the scope and financial consequences of its compliance failures. Bank of America allegedly failed to adequately remediate its Bank Secrecy Act and anti-money laundering compliance programs despite years of internal warnings and regulatory intervention.
Why did Bank of America’s Stock Drop?
On October 13, 2026, the U.S. Treasury Department announced more than $1.21 billion in penalties against Bank of America for violations of sanctions and anti-money laundering laws. The fines represent the third largest penalty in Treasury Department history and the largest in the history of the Office of the Comptroller of the Currency.
On this news, Bank of America’s stock dropped $2.57 per share, or 4.8%, from a closing price of $53.96 per share on October 13, 2026, to $51.39 per share on October 14, 2026.
Click here for more information: https://www.bfalaw.com/cases/bank-of-america-class-action-lawsuit.
What Can You Do?
If you invested in Bank of America, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360, and “Super Lawyers” by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”
BFA’s notable successes include a recovery of over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
BENSALEM, Pa.--(BUSINESS WIRE)--Bank Of America Corporation ("Bank of America" or the "Company") (NYSE: BAC) investors who wish to serve as lead plaintiff in a pending securities fraud class action lawsuit must move the Court by December 15, 2026. The suit was filed on behalf of investors who purchased or otherwise acquired the Company's securities from August 1, 2025 through October 13, 2026, inclusive. The Law Offices of Howard G. Smith today highlighted the deadline in the case, New England T.
San Francisco, California--(Newsfile Corp. - October 22, 2026) - National securities litigation law firm Hagens Berman alerts investors in Bank of America Corporation (NYSE: BAC) to a securities class action lawsuit filed in federal court against Bank of America and certain senior executives alleging violations of federal securities laws. The firm urges investors with substantial losses to submit their trading information.
Class Period: Aug. 1, 2025 - Oct. 13, 2026Lead Plaintiff Deadline: Dec. 15, 2026Visit: www.hbsslaw.com/bacContact Email: [email protected] Direct Firm Phone: 844-916-0895Case Overview & Summary of Allegations
The securities class action lawsuit alleges that throughout the Class Period, Defendants made false and/or misleading statements and failed to disclose material adverse facts regarding Bank of America's compliance controls and regulatory risk exposure. Specifically, Defendants failed to disclose that:
Deficient AML & BSA Compliance Controls: Bank of America maintained deficient Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) monitoring systems, underresourcing compliance functions in favor of revenue generation.Underreported Suspicious Transactions: The Bank failed to detect, track, or report over $5 billion in suspicious transactions to the Financial Crimes Enforcement Network (FinCEN), including over $1 billion tied to high-risk illicit finance.Regulatory & Financial Exposure: As a result of these failures, Bank of America faced immense regulatory enforcement actions and multi-billion-dollar penalties, making its prior statements regarding regulatory compliance, risk management, and internal controls materially false and misleading.The Disclosure & Market Impact
On October 13, 2026, the U.S. Department of the Treasury, FinCEN, and the Office of the Comptroller of the Currency (OCC) announced landmark enforcement actions requiring Bank of America to pay over $1.2 billion in penalties for widespread BSA/AML failures and backlog issues.
Following this disclosure, Bank of America's stock price fell sharply by over 4.8%, closing at $51.39 per share on October 14, 2026, wiping out billions of dollars in market value and causing substantial damages to shareholders.
What Can BAC Investors Do?
If you purchased Bank of America Corporation (NYSE: BAC) shares during the Class Period (August 1, 2025 - October 13, 2026) and suffered losses, you may move the Court to serve as Lead Plaintiff no later than December 15, 2026. A Lead Plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Submit your losses now Learn More: Visit www.hbsslaw.com or contact Reed Kathrein at (844) 916-0895 or via email at [email protected]."We're focused on the apparent disparity between the bank's assurances and the Treasury's revelations," said Reed Kathrein, a Hagens Berman partner.
Whistleblowers: Persons with non-public information regarding Bank of America should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
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About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.
Contact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320480
Source: Hagens Berman Sobol Shapiro LLP
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New York, New York--(Newsfile Corp. - October 22, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of common stock of Bank of America Corporation (NYSE: BAC) between August 1, 2025 and October 13, 2026, inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026.
SO WHAT: If you purchased Bank of America common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Bank of America class action, go to https://rosenlegal.com/cases/bank-of-america-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants knew or recklessly disregarded, but failed to disclose that: (1) systemic weaknesses in Company subsidiary Bank of America, N.A's ("BANA") BSA/AML program caused it to fail to properly monitor trillions of dollars in transactions and to miss, delay, or file inaccurate or incomplete suspicious activity reports involving billions of dollars in suspicious activity; (2) internal reports had documented BANA's BSA/AML deficiencies for years, yet BANA had not adequately remedied them after the 2024 Consent Order; (3) BANA also had deficiencies in its sanctions compliance program and processed transactions later identified as apparent violations of multiple sanctions programs; and (4) fixing these deficiencies required significant additional compliance resources and exposed BANA to substantial penalties and costs. These facts rendered defendants' statements about the scope of BANA's compliance failures, its progress under the 2024 Consent Order, and the expected costs and penalties materially false and misleading. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Bank of America class action, go to https://rosenlegal.com/cases/bank-of-america-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320434
Source: The Rosen Law Firm PA
Ready to Announce with Confidence?
Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
, /PRNewswire/ -- Lead Plaintiff Deadline: December 15, 2026. Investors who purchased (NYSE: BAC) securities between August 1, 2025 and October 13, 2026 may be eligible to recover losses.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Bank of America securities between August 1, 2025 and October 13, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/cases/bank-of-america-corporation-bac-class_action_lawsuit.
Bank of America Case Details
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that:
Systemic weaknesses in Bank of America's Bank Secrecy Act and Anti-Money Laundering ("BSA/AML") compliance program caused BAC to fail to properly monitor trillions of dollars in transactions and to miss, delay, or file inaccurate or incomplete suspicious activity reports involving billions of dollars in suspicious activity;
Internal reports had documented BAC's BSA/AML compliance deficiencies for years, yet BAC failed to adequately remediate these deficiencies following the 2024 Consent Order;
Bank of America, N.A. ("BANA") also had deficiencies in its sanctions compliance program and processed transactions that were subsequently identified as apparent violations of multiple sanctions programs;
Addressing these compliance deficiencies required significant additional resources and exposed BAC to substantial regulatory penalties and costs; and
As a result, Defendants' statements regarding the scope of BAC's compliance failures, its progress in addressing the deficiencies identified in the 2024 Consent Order, and the anticipated costs and penalties associated with these issues were materially false and/or misleading.
What's Next for Bank of America Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/cases/bank-of-america-corporation-bac-class_action_lawsuit. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Bank of America you have until December 15, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Bank of America Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Bank of America Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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NEW YORK, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Lead Plaintiff Deadline: December 15, 2026. Investors who purchased (NYSE: BAC) securities between August 1, 2025 and October 13, 2026 may be eligible to recover losses.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Bank of America securities between August 1, 2025 and October 13, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/cases/bank-of-america-corporation-bac-class_action_lawsuit.
Bank of America Case Details
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that:
Systemic weaknesses in Bank of America's Bank Secrecy Act and Anti-Money Laundering (“BSA/AML”) compliance program caused BAC to fail to properly monitor trillions of dollars in transactions and to miss, delay, or file inaccurate or incomplete suspicious activity reports involving billions of dollars in suspicious activity;Internal reports had documented BAC’s BSA/AML compliance deficiencies for years, yet BAC failed to adequately remediate these deficiencies following the 2024 Consent Order;Bank of America, N.A. (“BANA”) also had deficiencies in its sanctions compliance program and processed transactions that were subsequently identified as apparent violations of multiple sanctions programs;Addressing these compliance deficiencies required significant additional resources and exposed BAC to substantial regulatory penalties and costs; andAs a result, Defendants’ statements regarding the scope of BAC’s compliance failures, its progress in addressing the deficiencies identified in the 2024 Consent Order, and the anticipated costs and penalties associated with these issues were materially false and/or misleading. What's Next for Bank of America Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/cases/bank-of-america-corporation-bac-class_action_lawsuit. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Bank of America you have until December 15, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Bank of America Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Bank of America Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
Follow us for updates on LinkedIn, X, Facebook, or Instagram.
Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
Attorney advertising.
Prior results do not guarantee similar outcomes.
NEW YORK, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds Bank of America Corporation (“Bank of America” or the “Company”) (NYSE: BAC) investors of the December 15, 2026 deadline involving a securities fraud class action lawsuit commenced against the Company.
Should You Join The Bank of America Class Action Lawsuit:
Do you, or did you, own shares of Bank of America Corporation (NYSE: BAC)?
Did you purchase your shares between August 1, 2025 and October 13, 2026, inclusive?
Did you lose money in your investment in Bank of America Corporation? What To Do Next:
Investors are encouraged to act promptly and submit a form at Bank of America Corporation Shareholder Class Action Lawsuit or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected].
If you wish to serve as lead plaintiff for the Class, you must file papers by December 15, 2026. A lead plaintiff is a representative party acting on other class members’ behalf in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About The Lawsuit:
A lawsuit was filed on behalf of investors (the “Class”) who purchased or acquired the common stock of Bank of America between August 1, 2025 and October 13, 2026, inclusive, alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its senior officers.
The lawsuit alleges that defendants made materially false and misleading statements and omissions regarding the Company’s business operations, growth prospects, and financial stability. As a result of these alleged misrepresentations, Bank of America common stock traded at artificially inflated prices during the Class Period. When the truth was disclosed, investors allegedly suffered significant losses.
About Bernstein Liebhard:
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for sixteen consecutive years.
Lawsuit covers investors who acquired Bank Of America Corporation securities from August 1, 2025 to October 13, 2026; complaint alleges the company made misleading statements to investors
LOS ANGELES--(BUSINESS WIRE)--The deadline for Bank Of America Corporation ("Bank of America" or the "Company") (NYSE: BAC) investors to seek appointment as lead plaintiff in a securities class action lawsuit is December 15, 2026. The lawsuit was filed on behalf of investors who purchased or otherwise acquired Bank Of America Corporation securities from August 1, 2025 to October 13, 2026, inclusive. The Law Offices of Frank R. Cruz today reminded investors of the deadline in the case, New England Teamsters Pension Fund v. Bank of America Corporation et al., filed on October 16, 2026 in the U.S. District Court Southern District of New York (Case No. 1:26-cv-09137).
If you lost money on Bank Of America Corporation securities, submit your Bank Of America Corporation loss information before the December 15, 2026 deadline to learn about your potential claims under the federal securities laws.
Bank Of America Corporation deadline and case dates
Lead plaintiff motion deadline: December 15, 2026Class period: August 1, 2025 to October 13, 2026, inclusiveFiled: October 16, 2026Court: U.S. District Court Southern District of New YorkWhat happened?
On October 13, 2026, the U.S. Department of the Treasury announced a $1.2 billion fine against Bank of America Corporation for violations of anti-money laundering and sanctions laws. According to the Department of the Treasury, Bank of America Corporation failed to mitigate and report priority national security risks. The Department of the Treasury also found that the Company’s Bank Secrecy Act and anti-money laundering compliance programs were deficient and ineffective.
On this news, Bank of America stock fell $2.57 or, 4.76%, to close at $51.39 on October 14, 2026, thereby injuring investors.
What is the Bank Of America Corporation lawsuit about?
The Bank Of America Corporation class action alleges that, throughout the class period, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Bank Of America Corporation's business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose to investors that: (1) systemic weaknesses in BANA's BSA/AML program caused it to fail to properly monitor trillions of dollars in transactions and to miss, delay, or file inaccurate or incomplete suspicious activity reports involving billions of dollars in suspicious activity; (2) internal reports had documented BANA's BSA/AML deficiencies for years, yet BANA had not adequately remedied them after the 2024 Consent Order; (3) BANA also had deficiencies in its sanctions compliance program and processed transactions later identified as apparent violations of multiple sanctions programs; (4) fixing these deficiencies required significant additional compliance resources and exposed BANA to substantial penalties and costs; and (5) as a result, defendants' positive statements about Bank Of America Corporation's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Investors who purchased or otherwise acquired Bank Of America Corporation securities during the class period may ask the Court, no later than December 15, 2026, to appoint them lead plaintiff in this putative class action lawsuit.
"According to the complaint filed against Bank Of America Corporation, the Company, among other things, did not disclose that systemic weaknesses in BANA's BSA/AML program caused it to fail to properly monitor trillions of dollars in transactions and to miss, delay, or file inaccurate or incomplete suspicious activity reports involving billions of dollars in suspicious activity. With the December 15, 2026 deadline drawing near, investors who want a voice in how this case is led should reach out now," said Frank R. Cruz of The Law Offices of Frank R. Cruz.
What should Bank Of America Corporation investors do now?
The Law Offices of Frank R. Cruz can help Bank Of America Corporation investors evaluate potential claims to recover their losses. Investors who want to serve as lead plaintiff must file a motion with the Court by December 15, 2026. For more information, visit the Bank Of America Corporation case page, email [email protected], or call 310-914-5007.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
Bank Of America Corporation investors need not take any action at this time to be class members. Investors may retain counsel of their choice or take no action and remain absent class members. No class has been certified yet in the Bank Of America Corporation case.
Questions and answers about the Bank Of America Corporation deadline
Who is eligible? Investors who bought Bank Of America Corporation securities between August 1, 2025 and October 13, 2026 and lost money may be class members in the Bank Of America Corporation securities lawsuit.
When are lead plaintiff motions due in the Bank Of America Corporation case? Lead plaintiff motions in the Bank Of America Corporation class action are due in the U.S. District Court Southern District of New York by December 15, 2026.
What happens after the Bank Of America Corporation deadline passes? After December 15, 2026, investors generally can no longer seek lead plaintiff appointment, but Bank Of America Corporation investors may still remain class members.
How are attorneys' fees handled? The Law Offices of Frank R. Cruz works on contingency, so investors pay no attorneys' fees unless there is a recovery, and any fees require court approval.
About The Law Offices of Frank R. Cruz
The Law Offices of Frank R. Cruz investigates and prosecutes securities fraud and corporate malfeasance class actions. With nearly 20 years of litigation experience, the firm focuses on complex securities class actions and gives each client personal, one-on-one attention throughout the legal process.
Prior results do not guarantee a similar outcome.
Related links
Bank Of America Corporation case page, The Law Offices of Frank R. CruzComplaint: New England Teamsters Pension Fund v. Bank of America Corporation et al., U.S. District Court Southern District of New YorkBank Of America Corporation SEC filings index, EDGARThe Law Offices of Frank R. CruzThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of common stock of Bank of America Corporation (NYSE: BAC) between August 1, 2025 and October 13, 2026, inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026.
SO WHAT: If you purchased Bank of America common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Bank of America class action, go to https://rosenlegal.com/cases/bank-of-america-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants knew or recklessly disregarded, but failed to disclose that: (1) systemic weaknesses in Company subsidiary Bank of America, N.A's ("BANA") BSA/AML program caused it to fail to properly monitor trillions of dollars in transactions and to miss, delay, or file inaccurate or incomplete suspicious activity reports involving billions of dollars in suspicious activity; (2) internal reports had documented BANA’s BSA/AML deficiencies for years, yet BANA had not adequately remedied them after the 2024 Consent Order; (3) BANA also had deficiencies in its sanctions compliance program and processed transactions later identified as apparent violations of multiple sanctions programs; and (4) fixing these deficiencies required significant additional compliance resources and exposed BANA to substantial penalties and costs. These facts rendered defendants’ statements about the scope of BANA’s compliance failures, its progress under the 2024 Consent Order, and the expected costs and penalties materially false and misleading. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Bank of America class action, go to https://rosenlegal.com/cases/bank-of-america-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
New York, New York--(Newsfile Corp. - October 21, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of common stock of Bank of America Corporation (NYSE: BAC) between August 1, 2025 and October 13, 2026, inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026.
SO WHAT: If you purchased Bank of America common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Bank of America class action, go to https://rosenlegal.com/cases/bank-of-america-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants knew or recklessly disregarded, but failed to disclose that: (1) systemic weaknesses in Company subsidiary Bank of America, N.A's ("BANA") BSA/AML program caused it to fail to properly monitor trillions of dollars in transactions and to miss, delay, or file inaccurate or incomplete suspicious activity reports involving billions of dollars in suspicious activity; (2) internal reports had documented BANA's BSA/AML deficiencies for years, yet BANA had not adequately remedied them after the 2024 Consent Order; (3) BANA also had deficiencies in its sanctions compliance program and processed transactions later identified as apparent violations of multiple sanctions programs; and (4) fixing these deficiencies required significant additional compliance resources and exposed BANA to substantial penalties and costs. These facts rendered defendants' statements about the scope of BANA's compliance failures, its progress under the 2024 Consent Order, and the expected costs and penalties materially false and misleading. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Bank of America class action, go to https://rosenlegal.com/cases/bank-of-america-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320247
Source: The Rosen Law Firm PA
Ready to Announce with Confidence?
Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
, /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.32 per share, payable on December 24, 2026 to shareholders of record as of December 4, 2026.
The Board also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on January 25, 2027 to shareholders of record as of January 11, 2027.
Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving more than 69 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 60 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries and/or jurisdictions. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.
Investors may contact
Lee McEntire, Bank of America
Phone: 1.980.388.6780
[email protected]
Jonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
[email protected]
Reporters may contact
Jocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
[email protected]
, /PRNewswire/ -- The Bank of America Corporation Board of Directors today appointed Jim Fitterling and Bill Thomas as directors, effective immediately.
Jim Fitterling and Bill Thomas
"We are pleased to welcome two seasoned CEOs, who join our Board after leading large, global organizations," said Brian Moynihan, Chair and Chief Executive Officer, Bank of America. "Jim brings decades of experience in a complex, evolving industry and significant public company board credentials, while Bill brings deep financial expertise in audit, accounting and financial reporting, advising businesses across industries and around the world."
"Jim and Bill are valuable additions to our Board, with complementary leadership experience that will help strengthen our oversight of the company's long-term strategy," said Lionel Nowell III, Lead Independent Director, Bank of America. "We have a longstanding, robust succession planning and board refreshment process, which has produced two outstanding leaders to join our Board."
Mr. Fitterling, 65, is Executive Chairman of the Board of Directors of Dow Inc., a global materials science company. From 2018 to 2026, Mr. Fitterling served as Chief Executive Officer of Dow, and he was elected Board Chair in 2020. Previously, Mr. Fitterling served as President and Chief Operating Officer of Dow. From September 2017 through March 2019, he also served as Chief Operating Officer for the Materials Science Division of DowDuPont.
During his tenure as Chief Executive Officer, Mr. Fitterling led Dow's transformation toward higher-growth markets driven by customer needs and innovation, while overseeing significant capital-intensive international operations, global supply chains and exposure to cyclical markets.
Mr. Fitterling began his career at Dow more than 40 years ago following his graduation from the University of Missouri-Columbia with a bachelor's degree in mechanical engineering.
He has served on the Board of Directors of 3M since 2021 and was named lead director in 2024. Mr. Fitterling has also served as chair of the National Association of Manufacturers and the American Chemistry Council, as well as a member of the World Economic Forum's International Business Council.
Mr. Thomas, 58, served as Global Chairman and Chief Executive Officer of KPMG International, a global organization of independent professional services firms providing audit, tax and advisory services, from 2017 to 2026. In this role, Mr. Thomas led KPMG's network of 265,000 professionals, across 143 countries. Prior to this, Mr. Thomas was the Chairman of KPMG's Americas region from 2014 to 2017, and CEO and Senior Partner of KPMG in Canada from 2009 to 2016. He became a member of KPMG's Global Board in 2009.
During his tenure as Global Chairman and Chief Executive Officer, Mr. Thomas led the organization through a period of significant transformation and growth, aligning member firms behind shared strategic priorities, refreshing the organization's governance and overseeing a multibillion-dollar investment program focused in part on technology and AI-enabled capabilities.
With nearly four decades of experience in audit, accounting and financial reporting, Mr. Thomas is a chartered accountant and has been a Fellow of the Institute of Chartered Accountants of British Columbia since 2008. He holds a Bachelor of Science degree in chemistry from the University of British Columbia.
Mr. Thomas has served as a member of the International Integrated Reporting Council, the Business Roundtable, the World Economic Forum's International Business Council, FCLTGlobal and the Global Public Policy Committee.
Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving more than 69 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 60 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries and/or jurisdictions. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.
Reporters may contact
Jessica Oppenheim, Bank of America
Phone: 1.646.855.1600
[email protected]
New York, New York--(Newsfile Corp. - October 21, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Bank of America Corporation ("Bank of America" or the "Company") (NYSE: BAC) on behalf of investors that purchased or otherwise acquired Bank of America common stock between August 1, 2025 and October 13, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in Bank of America and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than December 15, 2026 for an opportunity to be lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
On October 13, 2026, the U.S. Department of the Treasury announced coordinated enforcement actions against Bank of America's wholly owned subsidiary, Bank of America, N.A. ("BANA"), resulting in more than $1.2 billion in penalties and settlements for violations of Bank Secrecy Act ("BSA"), Anti-Money Laundering ("AML") and applicable economic sanctions laws due to longstanding and systemic compliance deficiencies. In its order, the Financial Crimes Enforcement Network, or FinCEN, states that BANA admits that it willfully violated the BSA and missed or delayed detecting and reporting more than $5 billion in suspicious activity.
Then, on October 14, 2026, Bank of America reported third quarter 2026 results showing that the $1.2 billion regulatory settlement charge reduced diluted earnings per share by $0.17. Following the enforcement announcements and the Company's disclosure of their impact on its third-quarter earnings, the complaint alleges Bank of America's stock price fell to an intraday low of $49.26 on October 14, 2026, before closing at $51.39, down 4.8% from the previous day's closing price of $53.96.
The complaint alleges, among other things, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that systemic weaknesses in BANA's BSA/AML program caused it to fail to properly monitor trillions of dollars in transactions and to miss, delay, or file inaccurate or incomplete suspicious activity reports involving billions of dollars in suspicious activity.
CLICK HERE TO LEARN MORE
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
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Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
NEW YORK--(BUSINESS WIRE)---- $BAC #AML--Bank of America Sued for Securities Fraud After $1.2 Billion AML and Sanctions Penalties – Investors Urged to Contact BFA Law by December 15 Deadline.
New York, New York--(Newsfile Corp. - October 21, 2026) - Lead Plaintiff Deadline: December 15, 2026. Investors who purchased (NYSE: BAC) securities between August 1, 2025 and October 13, 2026 may be eligible to recover losses.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Bank of America securities between August 1, 2025 and October 13, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/cases/bank-of-america-corporation-bac-class_action_lawsuit.
Bank of America Case Details
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that:
Systemic weaknesses in Bank of America's Bank Secrecy Act and Anti-Money Laundering ("BSA/AML") compliance program caused BAC to fail to properly monitor trillions of dollars in transactions and to miss, delay, or file inaccurate or incomplete suspicious activity reports involving billions of dollars in suspicious activity; Internal reports had documented BAC's BSA/AML compliance deficiencies for years, yet BAC failed to adequately remediate these deficiencies following the 2024 Consent Order; Bank of America, N.A. ("BANA") also had deficiencies in its sanctions compliance program and processed transactions that were subsequently identified as apparent violations of multiple sanctions programs; Addressing these compliance deficiencies required significant additional resources and exposed BAC to substantial regulatory penalties and costs; and As a result, Defendants' statements regarding the scope of BAC's compliance failures, its progress in addressing the deficiencies identified in the 2024 Consent Order, and the anticipated costs and penalties associated with these issues were materially false and/or misleading.What's Next for Bank of America Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/cases/bank-of-america-corporation-bac-class_action_lawsuit, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Bank of America you have until December 15, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Bank of America Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Bank of America Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319787
Source: Bronstein, Gewirtz & Grossman, LLC
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, /PRNewswire/ -- National securities litigation law firm Hagens Berman alerts investors in Bank of America Corporation (NYSE: BAC) to a securities class action lawsuit filed in federal court against Bank of America and certain senior executives alleging violations of federal securities laws. The firm urges investors with substantial losses to submit their trading information.
Class Period: Aug. 1, 2025 – Oct. 13, 2026
Lead Plaintiff Deadline: Dec. 15, 2026
Visit: www.hbsslaw.com/bac
Contact Email: [email protected]
Direct Firm Phone: 844-916-0895
Case Overview & Summary of Allegations
The securities class action lawsuit alleges that throughout the Class Period, Defendants made false and/or misleading statements and failed to disclose material adverse facts regarding Bank of America's compliance controls and regulatory risk exposure. Specifically, Defendants failed to disclose that:
Deficient AML & BSA Compliance Controls: Bank of America maintained deficient Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) monitoring systems, underresourcing compliance functions in favor of revenue generation.
Underreported Suspicious Transactions: The Bank failed to detect, track, or report over $5 billion in suspicious transactions to the Financial Crimes Enforcement Network (FinCEN), including over $1 billion tied to high-risk illicit finance.
Regulatory & Financial Exposure: As a result of these failures, Bank of America faced immense regulatory enforcement actions and multi-billion-dollar penalties, making its prior statements regarding regulatory compliance, risk management, and internal controls materially false and misleading.
The Disclosure & Market Impact
On October 13, 2026, the U.S. Department of the Treasury, FinCEN, and the Office of the Comptroller of the Currency (OCC) announced landmark enforcement actions requiring Bank of America to pay over $1.2 billion in penalties for widespread BSA/AML failures and backlog issues.
Following this disclosure, Bank of America's stock price fell sharply by over 4.8%, closing at $51.39 per share on October 14, 2026, wiping out billions of dollars in market value and causing substantial damages to shareholders.
What Can BAC Investors Do?
If you purchased Bank of America Corporation (NYSE: BAC) shares during the Class Period (August 1, 2025 – October 13, 2026) and suffered losses, you may move the Court to serve as Lead Plaintiff no later than December 15, 2026. A Lead Plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Submit your losses now
Learn More: Visit www.hbsslaw.com or contact Reed Kathrein at (844) 916-0895 or via email at [email protected].
"We're focused on the apparent disparity between the bank's assurances and the Treasury's revelations," said Reed Kathrein, a Hagens Berman partner.
Whistleblowers: Persons with non-public information regarding Bank of America should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.
NEW YORK, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Bank of America Corporation (NYSE:BAC) for potential securities fraud and its senior officers for potential breaches of fiduciary duty after its significant stock drop.
If you invested in Bank of America securities or are a current holder of Bank of America stock, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/bank-of-america-class-action-lawsuit.
Key Details of the Bank of America ($BAC) Investigation:
Investigation Overview: Securities fraud and/or breaches of fiduciary duty relating to Bank of America’s violations of Bank Secrecy Act and anti-money laundering laws.Stock Decline: October 14, 2026 – 4.76% Stock DropAction: Contact BFA Law to discuss your rights
Why is Bank of America Being Investigated?
Bank of America is one of the world’s largest financial institutions and is the second largest bank in the United States.
BFA is investigating securities fraud and breach of fiduciary duty claims relating to Bank of America’s violations of Bank Secrecy Act and anti-money laundering laws.
Why did Bank of America’s Stock Drop?
On October 13, 2026, the U.S. Treasury Department announced more than $1.21 billion in penalties against Bank of America for violations of sanctions and anti-money laundering laws. The fines represent the third largest penalty in Treasury Department history and the largest in the history of the Office of the Comptroller of the Currency.
Following the news, Bank of America shares fell approximately 4.76% on October 14, 2026.
Click here for more information: https://www.bfalaw.com/cases/bank-of-america-class-action-lawsuit.
What Can You Do?
If you invested in Bank of America securities or are a current holder of Bank of America stock, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “Super Lawyers” by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
, /PRNewswire/ -- National securities litigation law firm Hagens Berman alerts investors in Bank of America Corporation (NYSE: BAC) to a securities class action lawsuit filed in federal court against Bank of America and certain senior executives alleging violations of federal securities laws. The firm urges investors with substantial losses to submit their trading information.
Class Period: Aug. 1, 2025 – Oct. 13, 2026 Lead Plaintiff Deadline: Dec. 15, 2026 Visit: www.hbsslaw.com/bac Contact Email: [email protected] Direct Firm Phone: 844-916-0895 Case Overview & Summary of Allegations
The securities class action lawsuit alleges that throughout the Class Period, Defendants made false and/or misleading statements and failed to disclose material adverse facts regarding Bank of America's compliance controls and regulatory risk exposure. Specifically, Defendants failed to disclose that:
Deficient AML & BSA Compliance Controls: Bank of America maintained deficient Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) monitoring systems, underresourcing compliance functions in favor of revenue generation. Underreported Suspicious Transactions: The Bank failed to detect, track, or report over $5 billion in suspicious transactions to the Financial Crimes Enforcement Network (FinCEN), including over $1 billion tied to high-risk illicit finance. Regulatory & Financial Exposure: As a result of these failures, Bank of America faced immense regulatory enforcement actions and multi-billion-dollar penalties, making its prior statements regarding regulatory compliance, risk management, and internal controls materially false and misleading. The Disclosure & Market Impact
On October 13, 2026, the U.S. Department of the Treasury, FinCEN, and the Office of the Comptroller of the Currency (OCC) announced landmark enforcement actions requiring Bank of America to pay over $1.2 billion in penalties for widespread BSA/AML failures and backlog issues.
Following this disclosure, Bank of America's stock price fell sharply by over 4.8%, closing at $51.39 per share on October 14, 2026, wiping out billions of dollars in market value and causing substantial damages to shareholders.
What Can BAC Investors Do?
If you purchased Bank of America Corporation (NYSE: BAC) shares during the Class Period (August 1, 2025 – October 13, 2026) and suffered losses, you may move the Court to serve as Lead Plaintiff no later than December 15, 2026. A Lead Plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Submit your losses now Learn More: Visit www.hbsslaw.com or contact Reed Kathrein at (844) 916-0895 or via email at [email protected]. "We're focused on the apparent disparity between the bank's assurances and the Treasury's revelations," said Reed Kathrein, a Hagens Berman partner.
Whistleblowers: Persons with non-public information regarding Bank of America should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.
BENSALEM, Pa.--(BUSINESS WIRE)--Bank Of America Corporation ("Bank of America" or the "Company") (NYSE: BAC) is the subject of a securities fraud class action lawsuit filed on behalf of investors who purchased or otherwise acquired the Company's securities from August 1, 2025 through October 13, 2026, inclusive. The Law Offices of Howard G. Smith today reported the lawsuit, New England Teamsters Pension Fund v. Bank of America Corporation et al., which was filed on October 16, 2026 in the U.S. D.
Why: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of common stock of Bank of America Corporation (NYSE: BAC) between August 1, 2025 and October 13, 2026, inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026.
So what: If you purchased Bank of America common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
What to do next: To join the Bank of America class action, go to https://rosenlegal.com/cases/bank-of-america-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Details of the case: According to the lawsuit, defendants knew or recklessly disregarded, but failed to disclose that: (1) systemic weaknesses in Company subsidiary Bank of America, N.A's ("BANA") BSA/AML program caused it to fail to properly monitor trillions of dollars in transactions and to miss, delay, or file inaccurate or incomplete suspicious activity reports involving billions of dollars in suspicious activity; (2) internal reports had documented BANA's BSA/AML deficiencies for years, yet BANA had not adequately remedied them after the 2024 Consent Order; (3) BANA also had deficiencies in its sanctions compliance program and processed transactions later identified as apparent violations of multiple sanctions programs; and (4) fixing these deficiencies required significant additional compliance resources and exposed BANA to substantial penalties and costs. These facts rendered defendants' statements about the scope of BANA's compliance failures, its progress under the 2024 Consent Order, and the expected costs and penalties materially false and misleading. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Bank of America class action, go to https://rosenlegal.com/cases/bank-of-america-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces a class action on behalf of purchasers of common stock of Bank of America Corporation (NYSE: BAC) between August 1, 2025 and October 13, 2026, inclusive (the “Class Period”). Bank of America is a multinational bank holding company.For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653.The Allegations: Rosen Law Firm is Investigating the Allegations that Bank of Amer.
LOS ANGELES--(BUSINESS WIRE)---- $BAC--Bank of America Corporation Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – BAC.
A quarter have seen a transition within the last decade, and among those offices, only 37% said their incoming principal was very prepared.
Key points
Private markets, direct investments and other alternative assets, including sports ownership, are shaping the future of family office portfolios. Family offices look to strengthen governance and education ahead of succession. Credit and AI are expected to be used strategically by the next generation. , /PRNewswire/ -- The Bank of America Family Office Study: Building for Generations reveals that family offices are entering a pivotal period of transformation as many family offices prepare for leadership transition, and the next generation of principals brings different perspectives on how wealth is invested, managed and preserved.
The study found that generational influence is already shaping family office priorities as they build across generations. Among family offices with a potential next-generation principal, 79% predict alternative investments will represent a larger portion of portfolios going forward, while 77% expect philanthropic priorities to evolve with the next generation.
Watch Elizabeth Thiessen discuss findings from Bank of America's 2026 Family Office Study.
"Today's family offices are building for the future while balancing continuity and changes today," said Elizabeth Thiessen, Head of Family Office at Bank of America Private Bank. "The families best positioned in this transition recognize that preparation goes well beyond identifying the next leader. It requires strong governance, a shared vision and the ability to adapt to changing opportunities and priorities across generations."
Alternative assets shape diversification in future family office portfolios
Private equity remains a cornerstone of alternative allocations, representing 27% of family office alternative portfolios, while 59% of offices plan to increase exposure over the next three years. Direct investments continue to attract family offices seeking long-term value creation, with 38% citing ownership stakes as a top wealth-generation opportunity. Private equity is No. 1 (51%). For most family offices, capital growth is the investment priority, outranking income generation and balanced positions. Sports ownership is gaining traction. Four in 10 family offices hold sports investments today. Offices with at least one Gen Z or Millennial principal are most likely to own sports teams or sports-related assets. Art can represent a significant store of wealth. Three in 10 family offices with art holdings say that the family's collection is valued at more than $25 million. Family offices focus on closing readiness gaps as leadership transition nears
Most family offices have identified a successor (83%), but only 27% of offices have a trust distribution policy or guiding principles in place. Governance and family education remain central to successful transitions. Nearly all (91%) agree they help keep families aligned on priorities, yet fewer than half (40%) of offices have a formal family education program. Nearly nine in 10 agree governance structures help reduce family disagreements, and 73% plan to adopt additional governance structures in the next three years. Family dynamics remain the top governance challenge (45%), followed by the complexity of shared assets (37%) and undefined family expectations (36%). Credit emerges as a strategic wealth tool for the next generation
While credit use is nearly universal among family offices (92%), only 27% use leverage consistently as part of a long-term wealth strategy. Today, family offices primarily use credit to support real estate investments (45%), remain invested through market cycles (42%) and bridge short-term liquidity needs (38%). Future principals may take a more strategic approach to borrowing. Nearly eight in 10 family offices (77%) believe the next generation will be more interested in using credit to build wealth. Business-owning families are more likely to embrace credit as a wealth-building tool, with more than twice as many using leverage as part of a long-term wealth strategy compared to families without a wealth-generating business (32% vs. 14%). AI becomes a competitive advantage for modern family offices
AI adoption is common across family offices, with 42% of family offices reporting regular employee use, primarily for data analysis (64%), meeting summaries (57%) and automation (49%). Demand for technology continues to grow, and 83% of family members expect their family office to implement new technology solutions. Family offices view AI as a strategic advantage, not just an operational tool. Eight in 10 believe AI has the potential to improve investment returns, rising to 88% among family offices with next-generation involvement. Read more about the study findings: Building for Generations (PDF).
2026 Bank of America Private Bank Family Office Study methodology
In the 2026 Bank of America Family Office Study, Escalent, a research firm, surveyed 355 family office decision makers in the U.S. The firm also spoke with executive-level roles, including principals, C-suite, president/founders and investment professionals. The offices range from $25M in assets under management to more than $5B, with the majority over $500M. The average office tenure is 11–20 years. The survey was fielded in January and February of 2026.
Frequently asked questions
Question: What family office services does Bank of America Private Bank provide?
Answer: Bank of America Private Bank's Family Office practice supports families across governance, investment strategy, strategic credit, trust and estate planning, philanthropy, family education, treasury management, bill pay, accounting and reporting, and specialty asset management. Dedicated Family Office Strategists work alongside Private Bank teams to help families navigate complex decisions related to operating businesses, multigenerational wealth and family governance.
Question: What differentiates Bank of America's approach to family office services?
Answer: Bank of America Private Bank is differentiated by its ability to connect family offices with capabilities across the broader bank. Through coordinated engagement with Global Commercial Banking, Global Corporate & Investment Banking and Global Markets, families can access treasury and liquidity solutions, commercial and corporate lending, capital markets capabilities, and other specialized resources. Private Bank advisors remain at the center of the relationship, helping ensure a coordinated experience across the enterprise.
Question: How does Bank of America Family Office Solutions use technology?
Answer: Technology plays an important role in helping family offices manage growing operational complexity. Through a fully outsourced infrastructure solution, families can access aggregated reporting, accounting, bill pay and treasury management capabilities. These services are augmented by CashPro®, Bank of America's integrated digital banking platform that helps businesses and family offices manage cash, payments, and liquidity, while delivering insights on how to make their business operations more efficient.
Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving more than 69 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 60 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries and/or jurisdictions. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.
Reporters may contact
Carolyn Batt, Bank of America
Phone: 1.646.983.1369
[email protected]
Important disclosures
Neither Bank of America Private Bank nor any of its affiliates or advisors provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.
Bank of America Private Bank is a division of Bank of America, N.A.
New process is designed to replace mountains of limestone sludge with clean iron crystals and reusable acid, recover valuable metals along the way, and lock arsenic into a small, stable form.
TORONTO, Ontario – TheNewswire - October 20, 2026 – BacTech Environmental Corporation (CSE: BAC) (OTCQB: BCCEF) ("BacTech" or the "Company") has filed an Australian provisional patent application for a process that recovers iron and sulphuric acid from the acidic, iron-rich liquid produced by mining and metal refining. The industry's usual approach is to neutralize that liquid with limestone and bury the sludge that results. BacTech's process instead turns it into two products that can be sold or reused.
The filing is titled "A Process for Producing Concentrated Iron and Acid Streams from an Acidic Ferric Iron Containing Solution." A provisional application secures BacTech's priority date for the invention. The Company then has 12 months to file a full patent application.
The problem: a costly waste nobody wants
Acidic, iron-laden water shows up wherever sulphide ores are processed or exposed to air. Sources include gold plants that use bacteria to unlock gold, copper and zinc operations, old tailings piles, and acid mine drainage. Along with iron and acid, this water usually carries small amounts of copper, zinc, rare metals and, often, toxic arsenic.
The standard fix is to add crushed limestone until the acid is neutralized. According to the filing, treating just one tonne of dissolved iron this way:
uses about five tonnes of limestone
creates about eight tonnes of sludge, plus another eight tonnes of water permanently trapped inside it;
throws away the iron, the acid and any valuable metals in the water; and
leaves a sludge that must be monitored for years in case metals leak back into the environment.
Where arsenic is present, it is buried along with the iron in a bulky waste that is typically less than 4% arsenic, so a large volume has to be stored so as to contain a small amount of arsenic.
How it works, in four steps
BacTech's process cleans the water first and then splits it into its useful parts. Neutralizing everything together destroys those parts.
Tame the iron. Iron in this water is in a form that clings to everything and settles out as sludge. A simple gas treatment switches it to a gentler form that stays dissolved and well-behaved. his step makes more acid, which is also benefit since there is a market for this acid
Pull out the metals and the arsenic. A second treatment makes copper, zinc, arsenic and other metals drop out as solids while the iron stays in the liquid. Valuable metals, including critical minerals such as indium, gallium, germanium, scandium and rare earths, can be recovered and sold. The arsenic is concentrated into a small, dense solid and converted into a stable mineral for safe long-term storage.
Split iron from acid. The cleaned liquid is separated using specialized filters (membranes) and/or crystallization, which works much like sugar forming crystals from cooling syrup. The result is clean iron sulphate crystals on one side and a stronger acid on the other. Water removed along the way can be reused on site.
Put both products to work. The iron crystals have established markets in water treatment, cement, fertilizer, animal feed and pigments. They can also be stockpiled as an asset. The acid can be reused at the mine or supplied to copper and uranium operations that use it to extract metal from ore.
What used to be one pile of sludge becomes marketable metals, iron and acid to use, and a small amount of arsenic in stable form. Recovered water can also be reused.
Why it matters
Less waste, less limestone. Iron and acid are recovered instead of being buried as sludge, so the tonnes of limestone and the sludge ponds that follow can be greatly reduced.
Waste becomes revenue. One waste stream yields up to three products: iron sulphate, acid and recovered metals. Iron losses in the cleaning steps are expected to be only about 1–3%.
Safer arsenic management. Arsenic ends up in a compact, concentrated, stable form instead of being spread through a large volume of low-grade waste.
Critical minerals recovered. Metals now lost to waste, such as indium, gallium, germanium, scandium and rare earths, can be captured.
A new acid supply for remote mines. Acid is the main reagent cost for many copper and uranium operations, and supply is tight in landlocked regions. In one worked example in the filing, the process raises acid strength roughly twentyfold. The iron-bearing acid it makes is also less corrosive and less prone to clogging pipes and ore heaps than the alternatives.
Cleaning up legacy stockpiles. The zinc industry holds very large stockpiles of iron-rich residues (jarosite and zinc ferrite). The process can dissolve them, potentially turning a long-term liability into a source of iron and acid while shrinking the piles.
Projects that can be built in stages. Because the iron crystals store and ship easily, an operator can recover metals first and use that cash flow to fund iron processing later.
Management comment
"For decades, the mining industry has treated acidic, iron-rich water as a problem to be buried," said Dr. Paul Miller, Vice-President Technology of BacTech. "We see it differently. That water holds iron, acid and often valuable metals, and our process is designed to recover all three while dealing with arsenic responsibly. Every tonne of sludge we avoid is a tonne that never needs to be monitored again. It also fits naturally with our bioleaching work, which produces exactly these kinds of streams."
About BacTech Environmental Corporation
BacTech Environmental Corporation is a leader in commercial bioleaching, using naturally occurring bacteria to recover valuable metals while stabilizing harmful elements such as arsenic. The Company’s patent-pending Zero-Tailings™ technology is designed to recover critical and precious metals from historic and active mine tailings and convert former waste into stable, environmentally benign products. BacTech trades on the Canadian Securities Exchange (CSE: BAC), the OTCQB (OTCQB: BCCEF) and the Frankfurt Stock Exchange (FSE: 0BT1).
Cautionary statement regarding forward-looking information
This news release contains forward-looking information within the meaning of applicable securities laws. It includes statements about the filing of a complete patent application and the grant of any patent, the expected performance of the process, the recovery and sale of iron sulphate, acid and other metals, the stabilization of arsenic, and the commercial application of the technology. Forward-looking information is based on management’s current assumptions and is subject to risks and uncertainties that could cause actual results to differ materially. These include that a patent may not be granted, that results may not be achieved at commercial scale, market conditions for recovered products, the availability of financing, and regulatory and permitting requirements. Readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update it except as required by applicable securities laws.
BFA Law is investigating whether Bank of America Corporation committed securities fraud and whether its senior officers breached their fiduciary duties relating to violations of the Bank Secrecy Act and anti-money laundering laws.
, /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Bank of America Corporation (NYSE:BAC) for potential securities fraud and its senior officers for potential breaches of fiduciary duty after its significant stock drop.
If you invested in Bank of America securities or are a current holder of Bank of America stock, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/bank-of-america-class-action-lawsuit.
Key Details of the Bank of America ($BAC) Investigation:
Investigation Overview: Securities fraud and/or breaches of fiduciary duty relating to Bank of America's violations of Bank Secrecy Act and anti-money laundering laws. Stock Decline: October 14, 2026 – 4.76% Stock Drop Action: Contact BFA Law to discuss your rights Why is Bank of America Being Investigated?
Bank of America is one of the world's largest financial institutions and is the second largest bank in the United States.
BFA is investigating securities fraud and breach of fiduciary duty claims relating to Bank of America's violations of Bank Secrecy Act and anti-money laundering laws.
Why did Bank of America's Stock Drop?
On October 13, 2026, the U.S. Treasury Department announced more than $1.21 billion in penalties against Bank of America for violations of sanctions and anti-money laundering laws. The fines represent the third largest penalty in Treasury Department history and the largest in the history of the Office of the Comptroller of the Currency.
Following the news, Bank of America shares fell approximately 4.76% on October 14, 2026.
Click here for more information: https://www.bfalaw.com/cases/bank-of-america-class-action-lawsuit.
What Can You Do?
If you invested in Bank of America securities or are a current holder of Bank of America stock, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "Super Lawyers" by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff's securities litigation law firm, with clients noting: "[t]here is no better service provider in the practice area," "[t]he interest of the client is always front and center," and "[t]here isn't a better firm in this space." One testimonial described the firm as "nimble and entrepreneurial," with a "relentless focus on adding value for clients."
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
SAN FRANCISCO, Oct. 19, 2026 (GLOBE NEWSWIRE) -- National securities litigation law firm Hagens Berman alerts investors in Bank of America Corporation (NYSE: BAC) to a securities class action lawsuit filed in federal court against Bank of America and certain senior executives alleging violations of federal securities laws. The firm urges investors with substantial losses to submit their trading information.
Class Period: Aug. 1, 2025 – Oct. 13, 2026Lead Plaintiff Deadline: Dec. 15, 2026Visit: www.hbsslaw.com/bacContact Email: [email protected] Firm Phone: 844-916-0895
Case Overview & Summary of Allegations
The securities class action lawsuit alleges that throughout the Class Period, Defendants made false and/or misleading statements and failed to disclose material adverse facts regarding Bank of America’s compliance controls and regulatory risk exposure. Specifically, Defendants failed to disclose that:
Deficient AML & BSA Compliance Controls: Bank of America maintained deficient Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) monitoring systems, underresourcing compliance functions in favor of revenue generation.Underreported Suspicious Transactions: The Bank failed to detect, track, or report over $5 billion in suspicious transactions to the Financial Crimes Enforcement Network (FinCEN), including over $1 billion tied to high-risk illicit finance.Regulatory & Financial Exposure: As a result of these failures, Bank of America faced immense regulatory enforcement actions and multi-billion-dollar penalties, making its prior statements regarding regulatory compliance, risk management, and internal controls materially false and misleading.
The Disclosure & Market Impact
On October 13, 2026, the U.S. Department of the Treasury, FinCEN, and the Office of the Comptroller of the Currency (OCC) announced landmark enforcement actions requiring Bank of America to pay over $1.2 billion in penalties for widespread BSA/AML failures and backlog issues.
Following this disclosure, Bank of America’s stock price fell sharply by over 4.8%, closing at $51.39 per share on October 14, 2026, wiping out billions of dollars in market value and causing substantial damages to shareholders.
What Can BAC Investors Do?
If you purchased Bank of America Corporation (NYSE: BAC) shares during the Class Period (August 1, 2025 – October 13, 2026) and suffered losses, you may move the Court to serve as Lead Plaintiff no later than December 15, 2026. A Lead Plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Submit your losses nowLearn More: Visit www.hbsslaw.com or contact Reed Kathrein at (844) 916-0895 or via email at [email protected]. “We’re focused on the apparent disparity between the bank’s assurances and the Treasury’s revelations,” said Reed Kathrein, a Hagens Berman partner.
Whistleblowers: Persons with non-public information regarding Bank of America should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
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Contact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, [email protected]
With $3.4 trillion in total assets, Bank of America (BAC -1.64%) is the second-largest financial services institution in the U.S. That scale, paired with strong industry positions in various end markets, partly explains why the business has been consistently profitable. Over the last 10 years, Bank of America has posted an average quarterly net margin of 20.5%. This helps fund its capital allocation policy.
That includes returning money to investors in the form of buybacks. This bank stock has reduced its outstanding share count by nearly a third in the past decade. If you invested $10,000 in Bank of America back then, you'd have about $40,000 today.
Image source: The Motley Fool.
Capital returns are a key part of the story
During the third quarter, which ended on Sept. 30, Bank of America bought back $6 billion of stock. That brings its total in 2026 to $19.2 billion. That amounts to 5.2% of the company's entire market cap.
The outstanding share count now sits at 6.9 million. That's down 32% from exactly 10 years ago. This contributed to diluted earnings per share rising 122% during that time.
The company also paid $2.2 billion in dividends during the quarter. That supports a healthy dividend yield of 2.45%. Compared to the 1.05% yield of the S&P 500 index, this is quite attractive. Additionally, Bank of America's quarterly dividend went from $0.075 in Q3 2016 to $0.32 in the most recent quarter, translating to a notable 327% increase.
In the past decade, the stock produced a total return of 304% (as of Oct. 16). That would've grown a $10,000 starting sum into $40,400 today. This is a respectable showing, to be sure. However, it falls just short of the overall stock market's 328% total return that would've turned that same $10,000 into $42,800.
$50.39-$0.84 (-1.64%)
NYSE · As of 4:00 PM ET 10/19/26
Should you buy Bank of America stock right now?
There's no downplaying just how critical a leadership team's capital allocation policy is. Besides reinvesting in the business to maintain or grow operations, engaging in mergers and acquisitions, or paying down debt, management can return capital to investors via buybacks and dividends. As we've seen with Bank of America, this has a meaningful effect on the return profile.
This is a high-quality business that's endorsed by Warren Buffett and Berkshire Hathaway, as the conglomerate owns 6.9% of the bank. With the stock trading 19% off its peak, the valuation multiple has compressed. Investors can buy shares at a price-to-earnings ratio of 12.5, which is below the trailing 10-year average of 13.1.
Bank of America is an advertising partner of Motley Fool Money. Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway. The Motley Fool has a disclosure policy.
LOS ANGELES--(BUSINESS WIRE)--A securities fraud class action lawsuit has been filed against Bank Of America Corporation ("Bank Of America" or the "Company") (NYSE: BAC) on behalf of investors who purchased or otherwise acquired the Company's securities between August 1, 2025 and October 13, 2026, inclusive. Glancy Prongay Wolke & Rotter LLP ("Glancy") today announced the filing. The Bank Of America Corporation case, New England Teamsters Pension Fund v. Bank of America Corporation et al.,.
WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Bank of America Corporation (NYSE: BAC) resulting from allegations that Bank of America may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased Bank of America securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/cases/bank-of-america-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
WHAT IS THIS ABOUT: After market hours on October 13, 2026, Fox Business published an article entitled “Bank of America hit with $1.2B in penalties over money laundering compliance failures”. The article stated that the “Treasury Department announced approximately $1.21 billion in penalties against Bank of America over longstanding anti-money laundering failures and U.S. sanctions violations.” Further the article stated that regulators “found the bank failed to adequately investigate trillions of dollars in potentially suspicious transactions despite knowing about significant compliance deficiencies.”
On this news, Bank of America’s stock fell 4.7% on October 14, 2026.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
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New York, NY 10016
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Fax: (212) 202-3827 [email protected]
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BAC’s post-earnings drop below its April 2025 trend line fits an Elliott Wave ending diagonal and may be the start of a bigger correction.
Bank of America has had a rough few days. After a hefty regulatory penalty and a third-quarter report that fell short of expectations, the stock fell to its lowest level since May. More importantly from my point of view, it broke below the trend line connected from the April 2025 lows.
When a support line that old gives way, I pay attention. From an Elliott Wave perspective, the picture fits a pattern I respect a lot: an ending diagonal.
Looking at the subdivisions of the whole move from the 2024 lows, I can see the shape of a wedge, and the strong drop below it makes me think that pattern may now be completed. If so, an important top could be in place.
Bank of America (BAC) daily chart: the break below the April 2025 trend line, the possible ending diagonal from the 2024 lows, the $53–$57 resistance area on a rebound and $46 as the next major support.
The earnings backdrop
According to the bank’s own results release, Bank of America earned $6.9 billion, or $0.91 per share, in the third quarter, down from $8.3 billion, or $1.04, a year earlier. That includes a $1.2 billion regulatory settlement charge, worth 17 cents per share. Excluding it, adjusted earnings were $1.08 per share, which, according to Reuters, missed the $1.10 analysts expected. Revenue rose 3% to $30.0 billion and net interest income grew 8%, but investment banking fees fell 11% to $1.8 billion and sales and trading revenue slipped 5% to $5.1 billion, as fixed income trading dropped 17% while equities rose 11%.
The penalty, according to Reuters, relates to the bank’s failure to report more than $5 billion in suspicious activity to the US government. The stock fell about 4.8% on Wednesday to close at $51.39, after trading at its lowest since May during the session. The capital position remains solid, with a CET1 ratio of 10.9% and book value of $39.26 per share. By my own calculation, at around $52 the stock trades at roughly 1.3 times book value and 1.8 times tangible book value, and the latest quarterly dividend of 32 cents works out to a yield of about 2.5%.
What is an ending diagonal?
An ending diagonal is a wedge-shaped pattern that usually shows up in the final wave of a trend. Its waves overlap, and each of the five waves tends to unfold in three smaller waves (3-3-3-3-3), which is why the advance often looks tired and choppy rather than powerful. It tells me momentum is fading. When the wedge breaks, the market often reverses sharply, because the move that built the pattern has run out of steam.That is why the trend line break matters here. It is the first sign that buyers have lost control. What I want to see next is a rebound that fails in the $53–$57 area, where the broken trend line and former support should now act as resistance.
Elliott wave ending diagonal: waves 1-2-3-4-5 move within two converging trend lines and complete wave (5).
What I am watching
The stock closed around $51.40 last week, so it sits just under the $53–$57 resistance area and roughly 10% above the next major support at $46. I think we are still only in the first leg of a higher-degree correction, so after some rallies, even back toward the broken trend line, I expect more weakness as long as BAC trades below the $65.45 high.
Of course, nothing is certain. Rallies can be sharp, especially after a big drop, and a move above $65.45 would invalidate this bearish count. Until then, I am treating bounces as opportunities to watch rather than a reason to turn bullish.
Highlights:
Bank of America broke below the trend line connected from the April 2025 lows, a dangerous signal.
The subdivisions from the 2024 lows suggest an ending diagonal that may now be completed.
A rebound toward the broken trend line and the $53–$57 area could still happen.
$46 is the next major support.
The bearish view remains valid while BAC trades below $65.45.
Want more analysis? Visit us at www.wavetraders.com and apply for test version.
Twitter: @GregaHorvatFX
The author may have a position in the mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
NEW YORK, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Lead Plaintiff Deadline: December 15, 2026. Investors who purchased (NYSE: BAC) securities between August 1, 2025 and October 13, 2026 may be eligible to recover losses.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Bank of America securities between August 1, 2025 and October 13, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/cases/bank-of-america-corporation-bac-class_action_lawsuit.
Bank of America Case Details
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that:
Systemic weaknesses in Bank of America's Bank Secrecy Act and Anti-Money Laundering (“BSA/AML”) compliance program caused BAC to fail to properly monitor trillions of dollars in transactions and to miss, delay, or file inaccurate or incomplete suspicious activity reports involving billions of dollars in suspicious activity;Internal reports had documented BAC’s BSA/AML compliance deficiencies for years, yet BAC failed to adequately remediate these deficiencies following the 2024 Consent Order;Bank of America, N.A. (“BANA”) also had deficiencies in its sanctions compliance program and processed transactions that were subsequently identified as apparent violations of multiple sanctions programs;Addressing these compliance deficiencies required significant additional resources and exposed BAC to substantial regulatory penalties and costs; andAs a result, Defendants’ statements regarding the scope of BAC’s compliance failures, its progress in addressing the deficiencies identified in the 2024 Consent Order, and the anticipated costs and penalties associated with these issues were materially false and/or misleading. What's Next for Bank of America Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/cases/bank-of-america-corporation-bac-class_action_lawsuit. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Bank of America you have until December 15, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Bank of America Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Bank of America Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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Contact Info
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Bronstein, Gewirtz & Grossman, LLC
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Philadelphia, Pennsylvania--(Newsfile Corp. - October 19, 2026) - Grabar Law Office is investigating claims on behalf of shareholders of Bank of America Corporation (NYSE: BAC) concerning possible breaches of fiduciary duties by certain current and former officers and directors.
What is This Investigation About? The investigations arises from the Company's alleged longstanding failures to maintain adequate anti-money laundering ("AML") controls, comply with the Bank Secrecy Act ("BSA"), and adhere to federal economic sanctions requirements.
If you have continuously held Bank of America Corporation (NYSE: BAC) common stock since before January 1, 2018, you can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award, at no cost to you whatsoever. Visit https://grabarlaw.com/the-latest/bac-shareholder-investigation/, contact Joshua H. Grabar at [email protected], or call 267-507-6085, to discuss your rights and the possibility of participating in this shareholder derivative investigation.
What is Alleged? On October 13, 2026, the U.S. Department of the Treasury announced enforcement actions imposing more than $1.21 billion in penalties against Bank of America for violations of federal anti-money laundering and sanctions laws. The enforcement actions included:
A $1.2 billion civil penalty assessed by the Financial Crimes Enforcement Network ("FinCEN") for violations of the Bank Secrecy Act;A $750 million civil penalty imposed by the Office of the Comptroller of the Currency ("OCC"), credited toward the FinCEN penalty; andAn approximately $11.66 million settlement with the Office of Foreign Assets Control ("OFAC") involving 475 apparent violations of U.S. sanctions programs.According to Treasury, these enforcement actions included the third-largest penalty in Treasury history and the largest civil monetary penalty ever imposed by the OCC.
Significantly, Bank of America admitted material facts and violations as set forth in the FinCEN Consent Order, including that it willfully violated the Bank Secrecy Act by failing to implement and maintain an adequate AML program, conduct required due diligence concerning foreign correspondent accounts, and file required suspicious activity reports.
FinCEN's investigation identified misconduct extending from at least January 1, 2018 through July 1, 2025. According to the Consent Order, deficiencies in Bank of America's transaction-monitoring system resulted in the missed or delayed detection and reporting of more than $5 billion in suspicious activity, including approximately $1 billion implicating national security and other priority illicit-finance risks.
Treasury further reported that Bank of America had been aware for years of serious deficiencies in its transaction-monitoring systems but failed to take adequate corrective action. These deficiencies allegedly persisted despite repeated internal warnings, regulatory scrutiny, and a December 2024 OCC cease-and-desist order requiring improvements to the Bank's compliance program.
The separate OFAC enforcement action identified 475 apparent sanctions violations occurring between September 2021 and April 2025, involving payments processed through blocked financial institutions, deficient sanctions screening, delayed watchlist updates, and other compliance failures.
Grabar Law Office is investigating whether Bank of America's directors and officers failed to exercise appropriate oversight of the Company's regulatory compliance, internal controls, and risk-management systems, potentially exposing the Company to substantial financial penalties, remediation expenses, and reputational harm.
If you have continuously held Bank of America Corporation (NYSE: BAC) common stock since before January 1, 2018, you are encouraged to visit https://grabarlaw.com/the-latest/bac-shareholder-investigation/, contact Joshua H. Grabar at [email protected], or call 267-507-6085, to discuss your rights and the possibility of participating in this shareholder derivative investigation. You can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award, at no cost to you whatsoever.
$BAC #BAC
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Grabar Law Office
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NEW YORK, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all persons or entities who purchased or otherwise acquired Bank of America Corporation (BAC or the Company) (NYSE: BAC) securities between August 1, 2025 and October 13, 2026, inclusive (the Class Period).
The Complaint alleges that on December 23, 2024, the Office of the Comptroller of the Currency (“OCC”), an agency of the U.S. Department of the Treasury, issued a cease-and-desist order against BAC (the “2024 Consent Order”). BAC consented to the order, which requires it to take comprehensive corrective actions to address deficiencies in its BSA/AML and sanctions compliance programs.
The Complaint further alleges that Defendants failed to disclose to investors that: (i) systemic weaknesses in BAC’s BSA/AML program caused it to fail to properly monitor trillions of dollars in transactions and to miss, delay, or file inaccurate or incomplete suspicious activity reports involving billions of dollars in suspicious activity; (ii) internal reports had documented BAC’s BSA/AML deficiencies for years, yet BAC had not adequately remedied them after the 2024 Consent Order; (iii) BACA also had deficiencies in its sanctions compliance program and processed transactions later identified as apparent violations of multiple sanctions programs; and (iv) fixing these deficiencies required significant additional compliance resources and exposed BAC to substantial penalties and costs. The Complaint alleges these facts rendered Defendants’ statements about the scope of BAC’s compliance failures, its progress under the 2024 Consent Order, and the expected costs and penalties materially false and misleading.
The Complaint further alleges that the truth began to emerge after the market closed on October 13, 2026, when the U.S. Department of Treasury announced coordinated enforcement actions against BAC resulting in more than $1.21 billion in penalties and settlements. In addition, the Complaint alleges that Financial Crimes Enforcement Network (FinCEN) assessed a $1.2 billion penalty, including credit for a $750 million penalty imposed by the OCC, and the Office of Foreign Assets Control (OFAC) separately announced an $11.6 million settlement. The Complaint alleges that in its order, FinCEN stated BAC admitted that it willfully violated the BSA and missed or delayed detecting and reporting more than $5 billion in suspicious activity. The Complaint also alleges that the OCC further found that, despite the 2024 Consent Order, BAC had failed to complete significant corrective steps and its BSA/AML program remained deficient. The Complaint also alleges the truth continued to emerge the following morning, October 14, 2026, when BAC reported its third quarter 2026 results, showing that the regulatory settlement charge reduced diluted earnings per share by $0.17. Last, the Complaint alleges that following the enforcement announcements and quarterly results, BAC’s stock price fell to an intraday low of $49.26 on October 14, 2026, before closing at $51.39, down 4.8% from the previous day’s closing price of $53.96, thereby damaging investors.
Investors who purchased or otherwise acquired shares of BAC should contact the Firm prior to the December 15, 2026 lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at
NEW YORK, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Bank of America Corporation (NYSE:BAC) for potential securities fraud and its senior officers for potential breaches of fiduciary duty after its significant stock drop.
If you invested in Bank of America securities or are a current holder of Bank of America stock, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/bank-of-america-class-action-lawsuit.
Key Details of the Bank of America ($BAC) Investigation:
Investigation Overview: Securities fraud and/or breaches of fiduciary duty relating to Bank of America’s violations of Bank Secrecy Act and anti-money laundering laws.Stock Decline: October 14, 2026 – 4.76% Stock DropAction: Contact BFA Law to discuss your rights Why is Bank of America Being Investigated?
Bank of America is one of the world’s largest financial institutions and is the second largest bank in the United States.
BFA is investigating securities fraud and breach of fiduciary duty claims relating to Bank of America’s violations of Bank Secrecy Act and anti-money laundering laws.
Why did Bank of America’s Stock Drop?
On October 13, 2026, the U.S. Treasury Department announced more than $1.21 billion in penalties against Bank of America for violations of sanctions and anti-money laundering laws. The fines represent the third largest penalty in Treasury Department history and the largest in the history of the Office of the Comptroller of the Currency.
Following the news, Bank of America shares fell approximately 4.76% on October 14, 2026.
Click here for more information: https://www.bfalaw.com/cases/bank-of-america-class-action-lawsuit.
What Can You Do?
If you invested in Bank of America securities or are a current holder of Bank of America stock, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “Super Lawyers” by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
Following its third-quarter earnings report, Bank of America's (BAC -0.91%) stock fell 4.7% on Oct. 14 in its worst performance in 18 months. At one point, the stock fell almost 9%, a huge move for a stock like Bank of America.
Not only did the bank report weak results, it also disclosed a $1.2 billion regulatory fine for money-laundering violations. Should investors buy the stock after the poor earnings results and regulatory fine?
Image source: The Motley Fool.
A disappointing quarter
Bank of America reported $0.91 per share in profit on revenue of $30.12 billion. Both numbers came up short of Wall Street's expectations, but excluding the $1.2 billion fine, the bank would have reported $1.08 in earnings per share, missing estimates by only $0.02.
Still, there was certainly weakness in parts of the bank's business. CEO Brian Moynihan had previously warned of a soft quarter in investment banking and trading, and that warning ultimately played out.
Investment banking fees fell nearly 16% year over year in Q3, while total sales and trading revenue fell over $2 billion from the prior quarter and was also down nearly 5.5% year over year.
On the bright side, net interest income (NII), the spread revenue banks make between the interest they pay on interest-bearing deposits such as liabilities and what they earn on interest-earning assets such as loans, increased $1.2 billion year over year to $16.6 billion in Q3.
$51.23-$0.47 (-0.91%)
NYSE · As of 4:00 PM ET 10/16/26
NII is a key revenue source for most banks. On the company's earnings call, CFO Alastair Borthwick told analysts that NII should grow about 8% year over year in 2026, hitting the top end of management's guidance, which had been revised higher on multiple occasions earlier this year.
Borthwick also said the bank expects NII to grow at least 8% in 2027, assuming three quarter-point interest rate hikes between now and June 2027. Additionally, credit quality remained benign and showed no alarming deterioration during the quarter.
Anti-money-laundering fine
As mentioned, banking regulators fined Bank of America $1.2 billion in total, alleging that the money-center bank failed to report over $5 billion in suspicious transactions over several years, including those involving national security risks.
Moynihan addressed the issue on the live conference call with analysts, saying the bank has been aware of the issues and has already allocated funds and resources for remediation within its expense base.
"Just for example, this quarter, a couple hundred million dollars plus in remediation costs for that effort," he said. "So it has been substantial and thousands of employees. So we have a clear understanding of what we need to do. We are doing it. We will complete it. It is the focus of management to get it cleaned up."
While these issues are certainly serious and could be a near-term drag on the stock, I'm not overly concerned. Anti-money-laundering violations are common among money-center banks with sprawling global operations.
Should you buy Bank of America for the long term?
Bank of America stock has been disappointing over the past five years, with significant volatility. Management has also made some poor decisions, such as investing hundreds of billions of dollars in long-duration, low-yielding bonds during the pandemic's height, a decision that will continue to drag on earnings.
However, the bank also has one of the lowest-cost deposit bases among peers, if not the lowest, and a very strong commercial lending franchise, making it a major beneficiary of rising interest rates, particularly for NII.
While large money-center bank stocks like Bank of America will never blow investors away with breathless, growth-like returns, I believe they belong in your portfolio for good diversification in certain market environments and will ultimately generate solid long-term returns.
Trading at roughly 1.76 times its tangible book value, or theoretical liquidation value, the stock is slightly above its five-year average. That's a solid entry point after a sell-off in recent months.
New York, New York--(Newsfile Corp. - October 18, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Bank of America Corporation (NYSE: BAC) resulting from allegations that Bank of America may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased Bank of America securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/cases/bank-of-america-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
WHAT IS THIS ABOUT: After market hours on October 13, 2026, Fox Business published an article entitled "Bank of America hit with $1.2B in penalties over money laundering compliance failures". The article stated that the "Treasury Department announced approximately $1.21 billion in penalties against Bank of America over longstanding anti-money laundering failures and U.S. sanctions violations." Further the article stated that regulators "found the bank failed to adequately investigate trillions of dollars in potentially suspicious transactions despite knowing about significant compliance deficiencies."
On this news, Bank of America stock fell 4.7% on October 14, 2026.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
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Forbes J M & Co. LLP increased its stake in Bank of America Corporation (NYSE:BAC – Free Report) by 15.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 534,633 shares of the financial services provider’s stock after acquiring an additional 70,284 shares during the period. Bank of America comprises about 2.1% of Forbes J M & Co. LLP’s holdings, making the stock its 13th largest holding. Forbes J M & Co. LLP’s holdings in Bank of America were worth $29,100,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the stock. Legal & General Group Plc purchased a new position in shares of Bank of America during the second quarter valued at approximately $2,571,060,000. Amundi raised its stake in Bank of America by 12.5% in the first quarter. Amundi now owns 42,385,115 shares of the financial services provider’s stock worth $2,066,274,000 after buying an additional 4,721,969 shares in the last quarter. Deutsche Bank AG purchased a new position in shares of Bank of America during the 2nd quarter worth approximately $2,359,172,000. Bank of New York Mellon Corp purchased a new position in shares of Bank of America in the 2nd quarter valued at approximately $2,313,953,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Bank of America by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 31,135,112 shares of the financial services provider’s stock valued at $1,517,599,000 after purchasing an additional 561,413 shares in the last quarter. 70.71% of the stock is owned by hedge funds and other institutional investors.
Trending Headlines about Bank of America Here are the key news stories impacting Bank of America this week:
Positive Sentiment: Analyst support and potential earnings recovery: Baird upgraded BAC to Outperform with a $62 price target, while other analysts maintained Buy or Outperform ratings despite reducing targets. Management also projected at least 8% net interest income growth in 2027, supported by loan and deposit expansion. Baird Upgrades Bank of America Stock Despite a Soft Quarter Positive Sentiment: Regulatory remediation is progressing: Bank of America said it has completed substantial work required under a consent order, potentially helping reduce longer-term compliance uncertainty. The bank’s CEO also described the U.S. economy as resilient and growing. Bank of America says it has completed a lot of work on consent order Neutral Sentiment: Preferred dividends declared: The board authorized regular cash dividends on multiple preferred-stock series, payable in November and December. The announcement supports the bank’s capital-distribution profile but does not represent a new increase in BAC common-stock dividends. Bank of America Declares Preferred Stock Dividends Negative Sentiment: Q3 earnings missed expectations: BAC reported adjusted earnings of $1.08 per share versus a $1.10 consensus, while revenue also fell short. A $1.2 billion anti-money-laundering and sanctions penalty reduced earnings, and expenses grew faster than revenue; weaker fixed-income trading and settlement costs added pressure. Bank of America Stock Sell-Off Looks Like a Buying Opportunity Negative Sentiment: Compliance and litigation overhang: Senator Elizabeth Warren criticized the penalty as insufficient, while several law firms announced investigations into potential securities claims and fiduciary-duty issues. These developments could increase legal costs and prolong reputational concerns. Rosen Law Firm Investigation Bank of America Stock Down 0.8% Shares of NYSE BAC opened at $51.28 on Friday. The stock has a market capitalization of $358.59 billion, a price-to-earnings ratio of 12.18, a P/E/G ratio of 0.83 and a beta of 1.21. Bank of America Corporation has a 12-month low of $46.12 and a 12-month high of $65.22. The firm’s 50-day moving average price is $59.05 and its 200-day moving average price is $56.69. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.17. Bank of America (NYSE:BAC – Get Free Report) last announced its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.02). The business had revenue of $29.96 billion during the quarter, compared to the consensus estimate of $30.58 billion. Bank of America had a net margin of 16.80% and a return on equity of 12.15%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company earned $1.06 EPS. On average, equities research analysts anticipate that Bank of America Corporation will post 4.54 EPS for the current fiscal year.
Bank of America Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.5%. This is a positive change from Bank of America’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, September 4th. Bank of America’s payout ratio is presently 30.40%.
Wall Street Analyst Weigh In A number of brokerages have weighed in on BAC. Barclays decreased their target price on shares of Bank of America from $72.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday. Jefferies Financial Group cut their price target on shares of Bank of America from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, September 24th. TD Cowen decreased their target price on Bank of America from $60.00 to $56.00 and set a “hold” rating for the company in a research report on Thursday. Morgan Stanley cut their price target on Bank of America from $67.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, UBS Group dropped their price target on shares of Bank of America from $70.00 to $67.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Twenty research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.52.
Read Our Latest Stock Analysis on BAC
Bank of America Profile (Free Report)
Bank of America Corporation (NYSE: BAC) is a diversified financial services company headquartered in Charlotte, North Carolina. It provides banking, lending, investment, payments and financial management services to consumers, businesses, institutional investors and governments.
The company’s consumer banking operations offer checking and savings accounts, credit cards, mortgages, home equity lending, auto loans and other consumer financial products. Through Merrill, Bank of America provides wealth management, investment advisory, brokerage and retirement services.
Featured Articles Five stocks we like better than Bank of America Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027 ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid Does the AI Selloff Put Alphabet’s Breakout in Doubt? Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
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Birch Hill Investment Advisors LLC increased its position in Bank of America Corporation (NYSE:BAC) by 10.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 196,248 shares of the financial services provider’s stock after acquiring an additional 17,823 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in Bank of America were worth $10,682,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in BAC. Bamco Inc. NY increased its stake in Bank of America by 45.4% during the second quarter. Bamco Inc. NY now owns 40,994 shares of the financial services provider’s stock valued at $2,336,000 after acquiring an additional 12,794 shares during the period. E Fund Management Co. Ltd. acquired a new position in Bank of America in the second quarter worth about $4,089,000. Bernicke Wealth Management Ltd. acquired a new stake in Bank of America in the 2nd quarter valued at $2,132,000. Aspiriant LLC boosted its stake in Bank of America by 34.3% in the 3rd quarter. Aspiriant LLC now owns 48,877 shares of the financial services provider’s stock valued at $2,660,000 after buying an additional 12,479 shares in the last quarter. Finally, Legacy Private Trust Co. boosted its stake in shares of Bank of America by 11.7% in the 3rd quarter. Legacy Private Trust Co. now owns 115,136 shares of the financial services provider’s stock valued at $6,267,000 after purchasing an additional 12,016 shares in the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In BAC has been the topic of several research analyst reports. Morgan Stanley decreased their price objective on shares of Bank of America from $67.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday. Truist Financial dropped their target price on Bank of America from $62.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday. Barclays reduced their price objective on shares of Bank of America from $72.00 to $68.00 and set an “overweight” rating on the stock in a research note on Thursday. Royal Bank Of Canada cut their price target on shares of Bank of America from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. cut their price objective on Bank of America from $68.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, October 2nd. Twenty analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.52.
Read Our Latest Stock Analysis on BAC Trending Headlines about Bank of America Here are the key news stories impacting Bank of America this week:
Positive Sentiment: Analyst support and potential earnings recovery: Baird upgraded BAC to Outperform with a $62 price target, while other analysts maintained Buy or Outperform ratings despite reducing targets. Management also projected at least 8% net interest income growth in 2027, supported by loan and deposit expansion. Baird Upgrades Bank of America Stock Despite a Soft Quarter Positive Sentiment: Regulatory remediation is progressing: Bank of America said it has completed substantial work required under a consent order, potentially helping reduce longer-term compliance uncertainty. The bank’s CEO also described the U.S. economy as resilient and growing. Bank of America says it has completed a lot of work on consent order Neutral Sentiment: Preferred dividends declared: The board authorized regular cash dividends on multiple preferred-stock series, payable in November and December. The announcement supports the bank’s capital-distribution profile but does not represent a new increase in BAC common-stock dividends. Bank of America Declares Preferred Stock Dividends Negative Sentiment: Q3 earnings missed expectations: BAC reported adjusted earnings of $1.08 per share versus a $1.10 consensus, while revenue also fell short. A $1.2 billion anti-money-laundering and sanctions penalty reduced earnings, and expenses grew faster than revenue; weaker fixed-income trading and settlement costs added pressure. Bank of America Stock Sell-Off Looks Like a Buying Opportunity Negative Sentiment: Compliance and litigation overhang: Senator Elizabeth Warren criticized the penalty as insufficient, while several law firms announced investigations into potential securities claims and fiduciary-duty issues. These developments could increase legal costs and prolong reputational concerns. Rosen Law Firm Investigation Bank of America Stock Performance NYSE BAC opened at $51.28 on Friday. The stock has a market cap of $358.59 billion, a PE ratio of 12.18, a P/E/G ratio of 0.83 and a beta of 1.21. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a 50-day moving average of $59.05 and a 200-day moving average of $56.69. Bank of America Corporation has a 52-week low of $46.12 and a 52-week high of $65.22.
Bank of America (NYSE:BAC – Get Free Report) last issued its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.02). The company had revenue of $29.96 billion for the quarter, compared to analyst estimates of $30.58 billion. Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.06 EPS. On average, sell-side analysts anticipate that Bank of America Corporation will post 4.54 EPS for the current year.
Bank of America Increases Dividend The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.5%. This is a boost from Bank of America’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, September 4th. Bank of America’s dividend payout ratio (DPR) is currently 30.40%.
Bank of America Company Profile (Free Report)
Bank of America Corporation (NYSE: BAC) is a diversified financial services company headquartered in Charlotte, North Carolina. It provides banking, lending, investment, payments and financial management services to consumers, businesses, institutional investors and governments.
The company’s consumer banking operations offer checking and savings accounts, credit cards, mortgages, home equity lending, auto loans and other consumer financial products. Through Merrill, Bank of America provides wealth management, investment advisory, brokerage and retirement services.
Featured Articles Five stocks we like better than Bank of America Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027 ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid Does the AI Selloff Put Alphabet’s Breakout in Doubt? Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery Want to see what other hedge funds are holding BAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of America Corporation (NYSE:BAC – Free Report).
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On its third-quarter 2026 earnings call, held on Oct. 14, 2026, Bank of America (BAC -0.91%) announced adjusted net income of $8.1 billion. A $1.2 billion regulatory settlement charge reduced reported net income to $6.9 billion. Rising loan yields continue driving core earnings higher. Three things management said stand out.
1. Net Interest Income Growth Will Exceed 8% in 2027Net interest income, or NII -- the difference between what a bank earns on loans and pays on deposits -- is accelerating as fixed-rate assets reprice into higher yields. Management raised its guidance above original targets.
For 2027, we currently expect full-year growth of NII to be 8% or more, higher than 2026, and again, higher than our original 5%-7% range.
-- Alastair Borthwick, Executive Vice President and Chief Financial Officer2. Regulatory Settlement Costs Are Already Baked Into ExpensesA $1.2 billion non-tax-deductible regulatory settlement charge for failure to adhere to anti-money laundering compliance lowered reported earnings. Management already built the ongoing technology and staffing costs directly into its standard operating expense base.
Third, we have committed the resources, and the ongoing cost remediation is embedded in our company's expense base.
-- Brian Moynihan, Chair and Chief Executive Officer3. Low Loan-to-Deposit Ratios Protect Margins From Price WarsTotal deposits reached $2 trillion, funding $1.25 trillion in loans. Because the bank holds substantial excess liquidity, it doesn't need to offer high interest rates to retain customer deposits.
Our focus on operating deposits and our low loan-to-deposit ratio allow us to compete on capabilities rather than price.
-- Alastair Borthwick, Executive Vice President and Chief Financial OfficerLooking AheadCommercial borrowing and account growth show no signs of slowing down. Management expects operating leverage -- growing revenue faster than operating expenses -- to resume in the fourth quarter. Fixed-rate loans continue repricing into higher yields, while artificial intelligence tools trim routine technology costs.
What our clients are actually doing is continuing to point to a resilient and growing economy in the U.S.
-- Brian Moynihan, Chair and Chief Executive OfficerCore organic growth in consumer checking accounts and commercial relationships provides a durable moat against market volatility. Broad business diversity insulates total earnings when investment banking and trading activity cool down.
Our balance sheet and capital remain strong, and we continue to invest in technology and develop AI capabilities to support long-term growth. This quarter demonstrates the strength of our franchise and the value of our diversified business model.
-- Brian Moynihan, Chair and Chief Executive OfficerBank of America is an advertising partner of Motley Fool Money. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
New York, New York--(Newsfile Corp. - October 17, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Bank of America Corporation (NYSE: BAC) resulting from allegations that Bank of America may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased Bank of America securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/cases/bank-of-america-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
WHAT IS THIS ABOUT: After market hours on October 13, 2026, Fox Business published an article entitled "Bank of America hit with $1.2B in penalties over money laundering compliance failures". The article stated that the "Treasury Department announced approximately $1.21 billion in penalties against Bank of America over longstanding anti-money laundering failures and U.S. sanctions violations." Further the article stated that regulators "found the bank failed to adequately investigate trillions of dollars in potentially suspicious transactions despite knowing about significant compliance deficiencies."
On this news, Bank of America stock fell 4.7% on October 14, 2026.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319496
Source: The Rosen Law Firm PA
Ready to Announce with Confidence?
Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
NEW YORK--(BUSINESS WIRE)--Labaton Keller Sucharow LLP (“Labaton”) has filed a securities class action lawsuit (the “Action”) on behalf of its client the New England Teamsters Pension Fund (“New England Teamsters”) against Bank of America Corporation (“Bank of America” or the “Company”) (NYSE: BAC) and certain of its executives (collectively, “Defendants”). The Action, which is captioned New England Teamsters Pension Fund v. Bank of America Corporation., No. 26-cv-09137 (S.D.N.Y.), asserts claim.
New York, New York--(Newsfile Corp. - October 16, 2026) - Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Bank of America Corporation (NYSE: BAC) resulting from allegations that Bank of America may have issued materially misleading business information to the investing public.
So What: If you purchased Bank of America securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
What to do next: To join the prospective class action, go to https://rosenlegal.com/cases/bank-of-america-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
What is this about: After market hours on October 13, 2026, Fox Business published an article entitled "Bank of America hit with $1.2B in penalties over money laundering compliance failures". The article stated that the "Treasury Department announced approximately $1.21 billion in penalties against Bank of America over longstanding anti-money laundering failures and U.S. sanctions violations." Further the article stated that regulators "found the bank failed to adequately investigate trillions of dollars in potentially suspicious transactions despite knowing about significant compliance deficiencies."
On this news, Bank of America stock fell 4.7% on October 14, 2026.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319494
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
