Bank of America missed on earnings and revenue on October 14, 2026, a day after the Treasury fined the bank $1.21 billion for anti-money laundering and sanctions violations. The 8:30 hosts Julie Hyman, Jake Conley and Pras Subramanian break down the numbers, what the Treasury says the bank failed to report, and Treasury Secretary Scott Bessent’s warning that even the biggest banks are not above the law. Plus Morgan Stanley beats on strong equities trading and a record haul of new wealth assets, BlackRock tops estimates as assets under management hit about $15.5 trillion, and what two days of big bank earnings say about the consumer and the IPO pipeline.
Watch The 8:30 live weekdays 8:30-9:30am ET.
00:00 Bank of America misses on earnings and revenue
00:50 Investment banking and the pressure on Brian Moynihan
01:48 The $1.2 billion Treasury fine
02:46 What Bank of America failed to report
03:19 Bank of America responds
03:57 Morgan Stanley beats
04:40 $232 billion in new wealth assets
05:40 BlackRock beats as assets hit $15.5 trillion
06:32 Money market funds draw $31 billion
07:05 What two days of bank earnings tell us
08:09 Brokerages and the IPO pipeline
09:00 BlackRock’s performance fees
09:31 Jamie Dimon on the macro picture
#BankEarnings #BankOfAmerica #BlackRock #The830 #YahooFinance
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