Bank of America Corp (BAC), Wells Fargo & Co (WFC): Dow Jones Industrial Average (.DJI)’s Rally May Signal False Sense of Security

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Though Bank of America Corp (NYSE:BAC) doesn’t have quite the hold on the mortgage market that it would like — Wells Fargo & Co (NYSE:WFC) and JPMorgan Chase & Co. (NYSE:JPM) command the lead in new mortgage origination — it is taking steps (like cross-selling) to expand its presence. So the continued success in the housing market could help its efforts to gain traction again.

The article Dow’s Rally May Signal False Sense of Security originally appeared on Fool.com is written by Jessica Alling.

Fool contributor Jessica Alling has no position in any stocks mentioned — you can contact her here. The Motley Fool recommends Bank of America and Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo.

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