Financials Down After BofA Warning

Dow Jones

09/15

Shares of banks and other financial institutions fell after a warning from Bank of America.

Shares of BofA fell by more than 5% after Chief Executive Brian Moynihan warned that investment-banking revenue would likely fall and trading-desk revenue would be flat in the current quarter.

Toronto-Dominion Bank has launched a commitment of 150 billion Canadian dollars (US$108.14 billion) to accelerate Canada's industrial and infrastructure buildout.

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