Bearish
Bank of America stock declines 3.3% after CEO's flat Q3 revenue guidance.
Bank of America's stock fell 3.3% following CEO Brian Moynihan's guidance of flat trading revenue and lower-than-expected investment-banking fees for Q3. This outlook indicates a departure from the record-breaking performance seen in the first half of the year.
Key points
- CEO Brian Moynihan projects flat trading revenue and investment-banking fees between $1.6 billion and $1.8 billion, missing analyst expectations of $2 billion.
- Bank of America declares preferred stock dividends payable in October and November 2026.
Sources
AI-generated from public news sources. Not financial advice.
