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.
Overview
Bank of America (NYSE:BAC), the global banking and financial services provider, closed at $59.47, down 5.14%. CEO Brian Moynihan told investors to expect a pullback in investment banking fees and trading performance in the third quarter, which weighed on the stock. Investors will also be watching the next earnings report for loan growth, credit quality, and deal activity.
Trading volume reached 60.8 million shares, coming in about 86% above its three-month average of 32.7 million shares.
The S&P 500 (SNPINDEX:^GSPC) closed at 7,620, down 0.48%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) finished at 26,186, down 0.56%. Among diversified banking and financial services rivals, JPMorgan Chase (NYSE:JPM) closed at $350.13, down 1.71%, and Wells Fargo (NYSE:WFC) ended at $88.71, down 1.75%, reflecting broad caution around bank trading and fee income.
Details
Speaking at the Barclays Annual Global Financial Services Conference today, CEO Brian Moynihan told analysts not to expect a repeat of the strong Q2 results Bank of America reported on investment banking fees. Moynihan said fees will decline by at least 10% in its consulting and trading businesses.
Source
Originally published at www.fool.com.