Bank of America (NYSE:BAC) , the global banking and financial services provider, closed at $59.47, down 5.14%. CEO Brian Moynihan told investors to expect a pullback in investment banking fees and trading performance in the third quarter, which weighed on the stock. Investors will also be watching the next earnings report for loan growth, credit quality, and deal activity. Trading volume reached 60.8 million shares, coming in about 86% above its three-month average of 32.7 million shares. How the markets moved today The S&P 500 (SNPINDEX:^GSPC) closed at 7,620, down 0.48%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) finished at 26,186, down 0.56%. Among diversified banking and financial services rivals, JPMorgan Chase (NYSE:JPM) closed at $350.
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