Why Is Bank of America Stock Down Today?
Bank of America closed down 5.14% on Monday after Brian Moynihan put third-quarter investment banking fees at $1.6 billion to $1.8 billion, below $2.0 billion a year earlier. The first headline measured -1.144% in ten minutes.
- Bank of America closed at $59.47, down 5.14%, a steeper fall than Goldman Sachs, Morgan Stanley and JPMorgan Chase on Monday.
- Moynihan put Q3 investment banking fees at $1.6 billion to $1.8 billion, against $2.0 billion a year earlier.
- Measured: the fee headline moved BAC -0.433% in one minute and -1.144% in ten.
Reaction by asset (real prices)
| Asset | 2m before | At release | +1m | +session | +1m % | +session % |
|---|---|---|---|---|---|---|
| BAC | 61.19 | 61.19 | 60.93 | 60.49 | -0.43% | -1.14% |
Bank of America stock is down today after chief executive Brian Moynihan told the Barclays Global Financial Services Conference that third-quarter investment banking fees are on pace for $1.6 billion to $1.8 billion, down from $2.0 billion a year earlier, and that sales and trading revenue should be roughly flat. The first headline crossed MoveSurge's tape at 13:12:55 ET on Monday, September 14, 2026 with the stock at $61.19; it measured -0.433% after one minute and -1.144% after ten, and Bank of America closed at $59.47, down 5.14% on the day.
The stock was already 2.39% below Friday's close of $62.69 when that headline crossed, just under 13 minutes after Moynihan's appearance was scheduled to start at 1:00 p.m. ET on a live webcast. From the headline to the close it lost a further 2.81%.
What Moynihan said about third-quarter investment banking fees
Moynihan put investment banking fees for the quarter at $1.6 billion to $1.8 billion, 10% to 20% below the $2.0 billion Bank of America earned in the third quarter of 2025. He expects sales and trading revenue to be roughly flat against $5.4 billion a year earlier. In a second remark from the same appearance, he said a large rise in interest rates would slow some financing demand.
Bank of America fees and trading revenue by quarter
| Q3 2025 | Q2 2026 | Q3 2026 outlook | |
|---|---|---|---|
| Investment banking fees | $2.0 billion | $2.1 billion | $1.6 billion to $1.8 billion |
| Sales and trading revenue | $5.4 billion | $7.2 billion | Roughly flat year over year |
The outlook follows a second quarter in which investment banking fees rose 50% from a year earlier and sales and trading revenue rose 33%.
Bank of America's reaction to each headline, measured minute by minute
| Time (ET) | Headline | Price before | 1 minute | 10 minutes |
|---|---|---|---|---|
| 13:12:55 | Q3 investment banking fees seen at $1.6 billion to $1.8 billion; trading roughly flat | $61.19 | -0.433% | -1.144% |
| 13:36:11 | CEO: a large rise in rates would slow some financing demand | $60.07 | -0.150% | -1.049% |
In both windows the decline deepened between the first minute and the tenth, and the second remark crossed with the stock below where the first window had ended.
How other bank stocks traded on Monday
| Bank | Ticker | Close | Session move |
|---|---|---|---|
| Bank of America | BAC | $59.47 | -5.14% |
| Goldman Sachs | GS | $988.45 | -3.96% |
| Morgan Stanley | MS | $206.58 | -3.64% |
| Citigroup | C | $136.18 | -1.90% |
| Wells Fargo | WFC | $88.71 | -1.75% |
| JPMorgan Chase | JPM | $350.13 | -1.71% |
| Financial Select Sector SPDR Fund | XLF | $57.03 | -0.38% |
| SPDR S&P 500 ETF | SPY | $760.88 | -0.45% |
Bank of America fell further than Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo and JPMorgan Chase. Goldman Sachs and Morgan Stanley, whose results lean more on advisory and trading revenue, fell about twice as much as JPMorgan Chase, Citigroup and Wells Fargo, while the financial sector fund slipped 0.38%.
Why is Bank of America stock down today?
Chief executive Brian Moynihan said third-quarter investment banking fees are on pace for $1.6 billion to $1.8 billion, below the $2.0 billion earned a year earlier, with sales and trading revenue roughly flat. Bank of America closed at $59.47 on Monday, September 14, 2026, down 5.14%.
What did Bank of America say about Q3 investment banking fees?
Moynihan told the Barclays Global Financial Services Conference that fees should come in at $1.6 billion to $1.8 billion, 10% to 20% below the third quarter of 2025. He expects sales and trading revenue to be roughly flat against $5.4 billion a year earlier.
How fast did Bank of America stock react to the fee outlook?
The headline crossed at 13:12:55 ET with the stock at $61.19. It measured -0.433% after one minute and -1.144% after ten minutes, and the stock was already 2.39% below Friday's close when it crossed.
How did other bank stocks trade after Bank of America's outlook?
Goldman Sachs fell 3.96% and Morgan Stanley 3.64% on Monday. JPMorgan Chase, Citigroup and Wells Fargo fell between 1.71% and 1.90%.
How these numbers were measured
Session moves compare each Monday close with Friday's close. Headline reactions are MoveSurge's own measurement, from the price just before each headline crossed our tape to one and ten minutes later. The pipeline is described on our editorial standards page.
Sources
-
Bank of America expects third-quarter investment banking fees to fall more than 10%; shares slide
— CNBC
Moynihan projected Q3 investment banking fees of $1.6 billion to $1.8 billion versus $2 billion a year earlier and roughly flat sales and trading revenue versus $5.4 billion, speaking at the Barclays global financial services conference; Q2 fees had jumped 50% and trading 33%.
-
BofA CEO Sees Trading 'Relatively Flat' in Third Quarter
— Bloomberg
Bank of America's chief executive expects third-quarter trading revenue to be relatively flat.
-
Bank of America leads financial services stocks lower on weak Wall Street fee forecast
— Yahoo Finance
BAC closed roughly 5% lower Monday; fee outlook is down about 10%-20% from $2 billion; Goldman Sachs and Morgan Stanley fell while JPMorgan, Citigroup and Wells Fargo were down 1-2%.
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