In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss the day's headlines. Among the newsmakers they discuss are the reports of Bank of America (NYSE:BAC) being replaced in the Dow Jones Industrial Average and the drastic slowdown in the mortgage market.
Since it was added to the Dow, $BAC has lost roughly $34 BILLION in market value— MotleyFoolFinancials (@TMFFinancials) September 10, 2013
David Hanson owns shares of Goldman Sachs, JPMorgan Chase, and Nike. Matt Koppenheffer owns shares of Goldman Sachs, Bank of America, and JPMorgan Chase. The Motley Fool recommends Bank of America, Goldman Sachs, Nike, and Wells Fargo. The Motley Fool owns shares of Bank of America, JPMorgan Chase, Nike, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days.