💸 Bank of America Gets Fined. Morgan Stanley Finds New Millionaires. BlackRock Hits $15 Trillion.

Bank of America took a $1.2 billion compliance hit while sitting on 25.7 million Zelle users, Morgan Stanley turned the IPO boom into a record $232 billion wealth haul, and BlackRock quietly became a software company with $15.5 trillion behind it. We break down what each earnings report says about where fintech and Wall Street are actually colliding. Come for the numbers, stay for the Costco jokes.