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Stock impact report

Here's the biggest reason BofA is crushing it vs. Wells Fargo [MSN Money]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Company Research Source: MSN Money
© Jason Alden/Bloomberg/Getty Images Brian Moynihan, chief executive officer of Bank of America Corp., looks on during a panel session at the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 19, 2017. Several years ago, Wells Fargo was regarded as arguably the best-run major franchise in financial services. Bank of America looked like the biggest bungler. Wells skillfully weathered the financial crisis by sticking to reliable branch banking and shunning risky mortgage securities. BofA bet bet heavily on real estate loans at the height of the craze, and barely survived the meltdown. Popular Searches Boeing Co BA ? 240.33 +0.67 +0.28% In the aftermath, however, the fortunes of the two banks have undergone a stunning reversal. Wells promoted a go-go sales culture that exploded into scandal with the disclosure in 2013 that employees were opening fake accounts to generate bonuses for Show less Read more
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