BAC · News · 20260915N
Q3 Trading Revenue Outlook
BANK OF AMERICA CORP /DE/ · 2026-09-15 · Importance 50 · Surprise 58 · In source text
Bank of America expects third-quarter 2026 investment-banking fees to decline by at least 10% year over year, according to third-party reports citing CEO Brian Moynihan’s comments at the Barclays Global Financial Services Conference. Management also indicated that third-quarter trading revenue would fall notably from the strong growth recorded earlier in 2026. The weaker capital-markets outlook reflects normalization after a strong first half, while wealth-management fees, net interest income, and loan growth may partly cushion the impact. The reports describe the bank’s deal pipeline as strong but suggest near-term fee activity will be softer.
Key facts
- Bank of America expects a year-over-year drop of at least 10% in Q3 investment banking fees. source
- Bank of America expects Q3 investment banking fees to slide while trading stalls. source
- Speaking at the Barclays Global Financial Services Conference, CEO Brian Moynihan said BAC's investment banking fees and trading revenue will fall notably short of the solid growth seen earlier this year. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | negative | probable | — | Bank of America expects a year-over-year drop of at least 10% in Q3 investment banking fees. |