Bank Of America Revises Down Q3 Results On Litigation Charge

Bank of America Corp. has revised its third-quarter financial results from a profit of $168 million to a loss of $232 million due to additional litigation charges. On a per-share basis, the bank posted a loss of 4 cents a share versus a loss of a penny a share. The expenses are a part of the bank's effort to resolve issues related to its foreign exchange operations, Bank of America said in a regulatory statement Thursday. Bank of America shares fell 0.8% after hours following the news.

Copyright © 2014 MarketWatch, Inc.