STOCKS | Bank of America CEO Sees Third-Quarter Trading Revenue Relatively Flat

Bank of America shares fell as much as 4.4% after CEO Brian Moynihan said third-quarter trading revenue would be relatively flat year over year. According to Sina Finance, Moynihan made the remarks on Monday at a Barclays conference and said investment banking fees were expected to be between $1.6 billion and $1.8 billion, below analysts' estimates of nearly $2 billion. Shares of Goldman Sachs and other rivals also moved lower.