Economic Observation NetworkAfter deducting fines, Bank of America (BAC) still falls short of market expectations in terms of performance, and there are concerns among institutions and the market about its ability to control the cost of subsequent compliance improvements.

Performance and business situation
Adjusted earnings per share of $1.08, lower than the expected $1.10; Revenue of 30 billion US dollars, lower than the expected 30.58 billion US dollars. That is to say, even without fines, there is still a gap in performance itself.

In addition, JPMorgan analysts questioned its ability to control costs in compliance with regulatory requirements and collaborate with third parties to identify unreported suspicious transactions during a conference call, which also raised concerns about subsequent expenditures.

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