Bank of America Stalls as Its Fee Forecast Implies a 15% Drop
Bank of America NYSE:BAC, the consumer and investment-banking giant, traded around $59.36 Tuesday afternoon, extending the pressure after a drop of more than 5% Monday. CEO Brian Moynihan expects third-quarter investment-banking fees to land between $1.6 billion and $1.8 billion, down from $2 billi…
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