Bank of America (BAC.US) tumbles as much as 6% as CEO sends cautious signal: Q3 trading revenue expected to remain flat year-on-year, investment banking fee income may fall short of expectations

According to Jinse Finance APP, Bank of America (BAC.US) CEO Brian Moynihan stated that the bank's trading business revenue in the third quarter is expected to be "basically flat" compared to the same period last year, indicating that after strong growth in the first half of the year, the growth momentum of Wall Street's trading business is slowing down. Meanwhile, the bank's investment banking revenue outlook is also below market expectations. After the news was announced, Bank of America's share price plunged as much as 6% intraday on Monday, marking the biggest intraday drop since April last year. At the close, the stock fell 5.14% to $59.47.