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Cranberry Journal

Wednesday, October 14, 2026

Also in this edition
Markets
  • S&P 5007,733.14−0.93%
  • Nasdaq26,837.22−1.35%
  • Dow51,607.16−0.12%
  • 10-yr yield5.25%+0.61%
  • Crude$94.84+0.74%
At the close · Oct 14

Bank Of America

Tagged stories

A single-storey Bank of America branch with its red, white and blue sign, seen across a road junction under traffic lights at State Road 520 and A1A.
Business

Bank of America Took a $1.2 Billion Treasury Penalty the Day Before It Reported. The Charge Cost 17 Cents a Share, and Earnings Still Missed Without It.

Treasury announced more than $1.21 billion in anti-money-laundering and sanctions penalties against Bank of America on Tuesday 13 October, and the bank reported third-quarter results the next morning. The bank says the penalty is a non-deductible charge of about 17 cents a share. The bank earned 91 cents a share, or $1.08 excluding the charge, below the $1.12 analysts had expected.

By Margaret Holloway  

The Lower Manhattan skyline seen across the water under a blue sky.
Business

JPMorgan Reports Tuesday After a Quarter With $5.6 Billion of One-Off Gains. Analysts Expect Revenue of About $51 Billion.

JPMorgan Chase will report third-quarter results at about 7:00 a.m. Eastern on Tuesday 13 October, opening bank earnings season. Analysts expect revenue of about $51.2 billion and earnings of $5.93 a share, according to MarketBeat. The second quarter's $58.0 billion of revenue included a $4.6 billion Visa gain and $1.0 billion of other equity gains, and nothing has been reported yet.

By Cory Chamberlain