Bank of America CEO predicts ~10% drop in Q3 investment banking fees
Brian Moynihan said at an investor conference that investment banking fees are expected to fall about 10% industrywide in Q3, with Bank of America expected to fare worse.
Bank of America NYSE:BAC chief executive Brian Moynihan said at an investor conference this week that investment banking fees are expected to decline about 10% across the industry in the third quarter, with Bank of America doing even worse.