Stock Market Today, Sept. 14: Bank of America Slides on Investment Banking Fee Surprise
On Sept. 14, 2026, CEO Brian Moynihan flagged weaker trading performance and softer dealmaking fees, keeping investors focused on capital-markets sensitivity.
On September 14, Bank of America (NYSE:BAC) stock fell 5.14% to $59.47 after CEO Brian Moynihan warned investors of a pullback in investment banking fees and trading performance for the third quarter. Trading volume was notably high at 60.8 million shares, nearly 86% above the three-month average of 32.7 million shares.
Analysts will be closely monitoring Bank of America's next earnings report for key indicators such as loan growth, credit quality, and deal activity. In a recent conference call with Barclays, Moynihan specifically mentioned that fees in the consulting and trading businesses would decline by at least 10%, suggesting a more cautious outlook compared to the strong Q2 results previously reported.
The broader market also experienced a slight downturn on the same day, with the S&P 500 (SNPINDEX:^GSPC) closing at 7,620, down 0.48%, and the Nasdaq Composite (NASDAQINDEX:^IXIC) finishing at 26,186, down 0.56%. This environment of caution was echoed by other diversified banking and financial services companies. JPMorgan Chase (NYSE:JPM) closed at $350.13, down 1.71%, while Wells Fargo (NYSE:WFC) ended at $88.71, down 1.75%, indicating a general sense of caution around bank trading and fee income.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
