Compliance And Regulatory ChallengesThe OCC issued a consent order against Bank of America for Bank Secrecy Act violations, indicating a breakdown in policies and procedures to report suspicious activity.
Expense GrowthBank of America expects expense growth to surpass consensus, potentially impacting profitability.
Reputational And Regulatory RisksThe CFPB is investigating Zelle usage and fraudulent transactions at Bank of America, which may lead to enforcement actions.