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Where's the Hole In Bank of America's Balance Sheet?

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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Related Tickers

9/29/2016 2:36 PM
BAC $15.25 Down -0.13 -0.85%
Bank of America CAPS Rating: ****
JPM $65.90 Down -0.81 -1.21%
JPMorgan Chase CAPS Rating: ****
WFC $44.56 Down -0.75 -1.66%
Wells Fargo CAPS Rating: ****