Bank of America Corp (BAC) Could Reduce Expenses Further: JPMorgan Chase and Co.

According to a recent research note published by JP Morgan Chase, Bank of America still uses cost cutting practices as a catalyst. Vivek Juneja, an analyst at the firm, said that Bank of America CEO Brian Moynihan has turned the bank around greatly. In general, the bank is set to benefit from the continued cost cutting as it has cut a significant amount of costs over the last five years.