Shares of Bank of America (NYSE: BAC) fell hard on Wednesday, down as much as 8. 7%, before recovering and ending the trading day with a 4. 7% decline. Bank of America reported earnings this morning, missing on both the top and bottom lines. On top of that, after market close yesterday, government regulators announced it was fining Bank of America $1. 2 billion over a failure to properly monitor billions in suspect transactions through its system.
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