Bank Of America Expects Q3 Investment Banking Fees To Fall More Than 10%
Guidance·2 articles across 2 outlets
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Bank of America has projected that its investment banking fees will decline by 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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“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