Bank of America CEO sees at least 10% drop in Q3 investment banking fees
BAC•Q3 investment banking fees seen down at Bank of America
NEW YORK, Sept 14 (Reuters) - Bank of America expects its investment banking fees to drop to between $1.6 billion and $1.8 billion in the third quarter, at least a 10% drop from $2 billion in the same period a year earlier, CEO Brian Moynihan said on Monday.
"What we're seeing is the market generally in investment banking is down 10% or so," he said at the Barclays global financial services conference.
