{
  "id": 7376974,
  "title": "Bank of America CEO sees at least 10% drop in Q3 investment banking fees",
  "url": "https://urgent.news/2026/09/14/bank-of-america-ceo-sees-at-least-10-drop-in-q3-investment-banking",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-14T19:00:25.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/bank-of-america-ceo-sees-at-least-10-drop-in-q3-investment-banking-fees-4900232"
  },
  "original_language": "en",
  "account": "Bank of America CEO Brian Moynihan has warned that the bank anticipates a minimum 10% decline in investment banking fees for the third quarter, following a presentation at the Barclays global financial services conference on Monday. This projection comes after shares of the institution experienced a decline of over 5% during late afternoon trading. The S&P 500 banking index also suffered a 2.7% reduction in value.\n\nMoynihan forecasted investment banking revenue for the third quarter to range between $1.6 billion and $1.8 billion, a significant drop from the $2 billion reported during the same period last year. He attributed this decline to a broader market slowdown in investment banking activities.\n\nIn addition, Moynihan reiterated that sales and trading revenue is expected to remain relatively flat in the upcoming quarter, mirroring figures from the third quarter of 2025, which amounted to $5.4 billion. Despite a robust deals pipeline, he cautioned that an increase in interest rates could dampen financing demand and consequently weigh on sales and trading performance.\n\nMoynihan expressed confidence in the overall U.S. economy, stating that consumer spending remains strong and credit quality remains excellent. He attributed this optimism to the Federal Reserve's anticipated interest rate hikes this year, driven by robust inflation data.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Why is Bank of America stock sliding today?",
        "url": "https://urgent.news/2026/09/14/why-is-bank-of-america-stock-sliding-today",
        "published": "2026-09-14T18:01:23.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Bank of America expects third-quarter investment banking fees to fall more than 10%; shares slide",
        "url": "https://urgent.news/2026/09/14/bank-of-america-expects-third-quarter-investment-banking-fees-to-fall",
        "published": "2026-09-14T18:39:08.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}