Bank of America Expects Over 10% Drop in Q3 Investment Banking Fees; Shares Slide
Guidance·2 articles across 2 outlets
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Bank of America has warned that it expects its investment banking fees to fall more than 10% in the third quarter. This muted outlook from the country's second-largest bank by assets could be an early signal that Wall Street's AI boom might have hit turbulence.
Bank of America
Sources
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SourceReports the news
“The muted outlook from the country's second-largest bank by assets could be an early signal that Wall Street's AI boom might have hit turbulence.”
CNBC — Bank of America expects third-quarter investment banking fees to fall more than 10%; shares slide“Bank of America Warns of 10%+ Drop in Q3 Investment Banking Fees”
Yahoo Finance — Bank of America Warns of 10%+ Drop in Q3 Investment Banking Fees