In the following video, Motley Fool financial analysts David Hanson and Matt Koppenheffer take a look at JPMorgan's (NYSE:JPM) big move to cut $1 billion in expenses, which includes cutting 17,000 jobs. The guys talk about how big of an effect this will have on the bottom line at JPM, and note that this is small potatoes compared to the $5 billion slash-and-burn coming to Bank of America (NYSE:BAC).