Bank of America Stock Drops After Q3 Earnings Miss and $1.2 Billion Penalty, as BofA Adds 1,000 Contractors to Fix Mythos-Exposed Flaws
Bank of America shares sank on Wednesday after the lender reported third-quarter revenue below expectations and absorbed a $1.2 billion penalty from U.S. regulators. In the same round of commentary, CEO Brian Moynihan disclosed that the bank had put 1,000 outside contractors to work patching software weaknesses exposed by Anthropic’s Mythos, a rare public accounting … Read more