First Investment Inc conducted a Bank of America benchmarking analysis. First Investment Inc will compare the top banking corporation (JPMorgan Chase) against Bank of America to determine who has the best practices, operational processes and procedures, and products or services. In the hands Kenneth Lewis Bank of America has made some bad investment decision; one in particular is the acquisition of Countrywide Financial. JPMorgan Chase made some risky decisions that could’ve backfired on the corporation, but during the economic disaster JPMorgan quarter earnings were positive, even after the bailout of Bear Stearns Cos and the acquisition of Washington Mutual Inc. JPMorgan increased units to the products business by doing this the number of branches has increased (VS Pages, 2011).
The request by Bank of America to raise their share to one cent was refused by the federal Government, yet The Federal Government approved JPMorgan’s increase share from 5 cents a share to 25 cents a share. The approval was based on the fact the JPMorgan show a greater outlook during the financial decline. Bank of America and JPMorgan own several financial services, but unlike Bank of America JPMorgan is an investment bank. JPMorgan has services in over 60 million countries around the world, making them the king of the financial banking world