Pomerantz Law Firm Reminds Bank of America Investors of Class Action Lawsuit and December Deadline

Pomerantz LLP has issued a reminder to investors regarding a class action lawsuit filed against Bank of America Corporation (NYSE: BAC). According to the announcement, investors who incurred losses have until December 15, 2026, to ask the Court to be appointed as Lead Plaintiff.

Overview of the Class Action

The lawsuit concerns allegations regarding whether Bank of America and certain officers and/or directors engaged in securities fraud or other unlawful business practices. Investors wishing to inquire can contact Danielle Peyton at Pomerantz LLP.

Regulatory Actions and Financial Impact

The announcement follows coordinated enforcement actions announced on October 13, 2026, by the U.S. Department of the Treasury against Bank of America, N.A. (BANA), resulting in over $1.21 billion in penalties and settlements:

• FinCEN Penalty: Assessed a $1.2 billion penalty, including credit for a $750 million penalty imposed by the OCC. FinCEN stated that BANA admitted to willfully violating the Bank Secrecy Act (BSA) and failing to timely detect and report over $5 billion in suspicious activity.
• OFAC Settlement: Announced an $11.6 million settlement.
• Earnings Impact: On October 14, 2026, Bank of America reported third-quarter 2026 results, indicating that the regulatory settlement charge reduced diluted earnings per share by $0.17.

Following these disclosures, Bank of America's stock price dropped by nearly 5%.

Next Steps for Investors

• Investors who purchased Bank of America securities during the class period can review the complaint details at the firm's website.
• The deadline to apply to the Court for lead plaintiff status is December 15, 2026.
• Interested parties are advised to provide their mailing address, phone number, and shares purchased when contacting firm representatives.