Shares of The Goldman Sachs Group Inc. (NYSE:GS) fell Monday after Bank of America CEO Brian Moynihan cautioned that third-quarter sales and trading revenue would be roughly flat year over year and investment banking fees would reach $1.6 billion to $1.8 billion, below $2 billion in third-quarter 2025. The outlook triggered a broader sell-off across Wall Street investment banks as investors assessed whether capital-markets activity is weakening more sharply than expected. Goldman, which has significant exposure to institutional equity trading, fixed-income market-making (buying and selling securities to provide liquidity) and corporate underwriting, is particularly sensitive to changes in dealmaking and trading conditions. Its shares were down 4.19% at $985.81 at publication, according to Benzinga Pro data.