Bank of America CEO Brian Moynihan expects third-quarter trading revenue to remain flat year-over-year. This projection indicates a sharp slowdown from the bank's growth in the first half of 2026. Moynihan also forecasted that investment banking fees will fall below analyst estimates.
Bank of America shares declined following the announcement at the Barclays Global Financial Services Conference. The cautious outlook also pressured the stock prices of other major competing banks.
Moynihan noted that the U.S. economy and consumer health remain durable. This resilience persists despite the bank's lowered expectations for market-sensitive revenue streams.