BAC is under pressure: FICC trading was weaker than expected—management guided to a 10% drop, but the result was about 17% lower. Fixed-income revenue was $2.55 billion, about $450 million below estimates, and equity revenue rose 10% to $2.51 billion but missed by $300 million. A $1.2 billion fine is hurting the stock.

Yes, do you know? The CEO stated about a month ago that trading in fixed income, commodities and currencies would be weaker than expected. They were expecting a drop of about 10%.

But the result was about 17% lower than they had expected. Revenues rose to about 30.12 billion, but remember, if you look at the numbers on an average basis, it's 90 cents, right?

But that was with the $1.2 billion fine imposed on them by the government yesterday after the shutdown, essentially saying: "They are not reporting some suspicious activity in some trades, and some movements within accounts at the moment."

So, this is what has harmed and is currently harming the stock. $2.55 billion is the revenue from fixed-income trading. This is approximately $450 million less than the estimates expected by the market.

Equity trading revenues rose 10% to $2.51 billion, but also fell short of expectations by about $300 million.

Bank of America is under pressure,