BAC · News · 20260914N

Guidance and Outlook

BANK OF AMERICA CORP /DE/ · 2026-09-14 · Importance 67 · Surprise 76

CEO Brian Moynihan expects third-quarter 2026 investment banking revenue of $1.6 billion to $1.8 billion, versus $2 billion in the year-earlier period, implying a decline of at least 10%. He expects sales and trading revenue to be roughly flat year over year, while noting that potential interest-rate increases could slow financing demand. Management nevertheless described the U.S. economy and consumer spending as resilient, with a strong deal pipeline despite softer capital-markets activity.

Key facts

• Bank of America's stock fell by over 5% after CEO Brian Moynihan projected third-quarter investment banking fees to be between $1.6 billion and $1.8 billion and signaled flat sales and trading revenue. source
• Bank of America reaffirmed its medium-term financial targets at the Barclays 24th Annual Global Financial Services Conference. source
• CEO Brian Moynihan said the deals pipeline remains strong but that potential interest rate hikes could slow financing demand. source