JPMorgan Chase ($JPM) vs Bank of America ($BAC): Weighing Two Leading U.S. Banks Both are U.S. banking leaders, but of very different scale: JPM is the nation's largest bank, while BAC is a close but smaller rival with a more consumer- and deposit-heavy franch

JPMorgan Chase ($JPM) vs Bank of America ($BAC): Weighing Two Leading U.S. Banks Both are U.S. banking leaders, but of very different scale: JPM is the nation's largest bank, while BAC is a close but smaller rival with a more consumer- and deposit-heavy franchise. JPM delivered stronger recent profitability: second-quarter net income rose 41% year over year, versus a 27% increase for BAC. Business mix is the key differentiator: JPM leans more heavily on investment banking and capital markets, while BAC depends more on consumer lending and its low-cost deposit base.