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Stock Market Today, Sept. 14: Bank of America Slides on Investment Banking Fee Surprise
Source: Nasdaq
Banking & LiquidityCorporate Guidance & OutlookCompany Fundamentals
Bank of America shares closed at $59.47, down 5.14%, after CEO Brian Moynihan warned investors to expect a third-quarter pullback in investment-banking fees and trading performance. The outlook signals near-term pressure on key capital-markets revenue streams and weighed on investor sentiment toward the bank.
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