Bank of America is trading at ARS 23700.00 (-5.20%) after CEO Brian Moynihan projected Q3 investment-banking fees below last year’s $2 billion.
- Moynihan forecast fees of $1.6 billion–$1.8 billion and roughly flat sales-and-trading revenue versus $5.4 billion previously.
- Shares extended losses after the September 14 Barclays conference.
- Broader market weakness and elevated yields added pressure.