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BofA expects Q3 banking fees to drop 10 percent

Bank of America projects third-quarter investment banking fees to fall by at least 10 percent as sales and trading revenue remains flat. CEO Brian Moynihan notes solid deal pipelines despite macroeconomic headwinds.

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Bank of America CEO Brian Moynihan attends a session during the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 20, 2026. REUTERS/Denis Balibouse

BANK OF AMERICA CORP expects a third-quarter investment banking fee drop of at least 10%, CEO Brian Moynihan said on Monday afternoon. Shares fell 5% in late trading. The S&P 500 banking index fell 2.7%.
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