Bank of America (BAC) outshined its peers in old-fashioned banking last quarter, but it couldn't escape its own shadow.

The Charlotte, N.C., company on Wednesday reported robust third-quarter results though mortgage revenue took a hit. Unlike major rivals JPMorgan Chase (JPM) and Wells Fargo (WFC), B of A generated revenue growth in the third quarter thanks to jumps in commercial loans, wealth management and deposits.

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