Everybody knows Bank of America (NYSE: BAC ) is swimming upstream in terms of profitability. Last year, the nation's second largest lender by assets earned $4.2 billion. Meanwhile, JPMorgan Chase (NYSE: JPM ) and Wells Fargo (NYSE: WFC ) reported net incomes of $21.3 billion and $18.9 billion, both of which were records for the respective companies. In the video below, Motley Fool contributor John Maxfield identifies one of the primary explanations for this disparity: mortgage-servicing rights related to toxic mortgages.
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