QUICK SPARK: Big Bank Stocks Tumble After Moynihan's Grim Outlook
Bank of America expects Q3 investment banking fees to drop over 10% and trading revenue to be flat, pressuring BAC and other bank stocks.
Stocks · News reference
Major U.S. stock indices closed lower on Monday, with the Dow Jones Industrial Average falling 0.29% to 52,421.20.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Bank of America expects Q3 investment banking fees to drop over 10% and trading revenue to be flat, pressuring BAC and other bank stocks.
Bank of America is trading lower Monday after CEO Brian Moynihan warned on Q3 trading performance and dealmaking fees.
https://event.webcasts.com/starthere.jsp?ei=1773669&tp_key=6d0480a252&tp_special=8
SentinelOne had its second-biggest day on record, as AI-safety warnings from frontier-lab CEOs sparked a bid for security software.
Security software surged on AI-safety warnings while optics and chip-test names cratered, as the 10-year yield briefly topped 5% and oil pushed past $102.
Tech stocks declined midday on September 14, 2026, as AI industry leaders including Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman warned about risks of rapid AI development and called for slower growth. The S&P 500 fell 0.44%, Nasdaq dropped 0.44%, and the Dow declined 0.36%. Micron Technology tumbled 5% on AI development concerns, while cybersecurity stocks like CrowdStrike surged 15%. Meta Platforms climbed after Goldman Sachs maintained a Buy rating on its Muse AI agent.