Bank of America Drops as Fees Fall

Bank of America common stock dropped as much as 5.76% intraday on 14 September 2026. The decline followed cautious third-quarter guidance from Chair and CEO Brian Moynihan at the Barclays 24th Annual Global Financial Services Conference.

Brian Moynihan projected that third-quarter investment banking fees will reach between 1.6 billion dollars and 1.8 billion dollars. That range represents a decline of at least 10% compared to the 2.0 billion dollars reported in the third quarter of 2025. The total would also mark a decrease from the 2.1 billion dollars recorded in the second quarter of 2026.

The weaker forecast reflects an industrywide decline in deal activity of 10% based on Dealogic data. In addition, Bank of America had posted 5.4 billion dollars in sales and trading revenue during the third quarter of 2025.

The cautious outlook weighed on the broader financial sector during the session. The S&P 500 Banking Index fell 2.7% in afternoon trading on 14 September 2026.