Bearish
Bank of America forecasts Q3 investment banking fees to drop over 10%
Bank of America CEO Brian Moynihan announced a projected decline of at least 10% in third-quarter investment banking fees, estimating revenues between $1.6 billion and $1.8 billion, down from $2 billion in the same period last year. This forecast led to a significant drop in the bank's stock price, which fell over 5% following the announcement.
Key points
- Bank of America anticipates a decline in investment banking fees for Q3 2026.
- The bank's stock price dropped over 5% following the announcement.
Sources
AI-generated from public news sources. Not financial advice.
