J.P. Morgan analyst Vivek Juneja questioned the Bank of America's third-quarter earnings call. The bank had previously stated that anti-money laundering and other compliance and rectification expenses were included in daily operating costs, but now it has faced huge fines of 1.2 billion US dollars due to related issues, causing the market to question its previous cost disclosure and management trustworthiness. Juneja notes that this is not only an issue of additional costs, but also about the bank's reputation and investor confidence. Bank of America management responded that relevant compliance expenses have been included in operating costs, have been cooperating with regulators over the past few quarters to rectify, and have invested billions of dollars to crack down on financial crimes. The fine reduced the bank's third-quarter earnings per share by $0.17, and even after excluding the impact of the fine, the quarter's revenue and net profit fell short of market expectations.

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