Bank of America Was More Efficient Than Wells Fargo for a Second Consecutive Quarter

Bank of America Was More Efficient Than Wells Fargo for a Second Consecutive Quarter

For much of the past decade, Bank of America (NYSE: BAC) found itself in the shadows of Wells Fargo (NYSE: WFC), which emerged from the financial crisis in a powerful competitive position after avoiding the worst excesses of the subprime mortgage bubble.

But Wells Fargo's advantage is beginning to wane.

Looking up at the Bank of America Plaza in Los Angeles, California. Image source: Getty Images.

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Source: Fool.com