Close Menu
Nabka News
  • Home
  • News
  • Business
  • China
  • India
  • Pakistan
  • Political
  • Tech
  • Trend
  • USA
  • Sports

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

US, India begin trade talks after 25% tariff by Trump

August 1, 2025

Pakistan, Afghanistan, UAE to play T20I tri-series in Sharjah – Sport

August 1, 2025

Epstein accomplice Ghislaine Maxwell moved to Texas prison

August 1, 2025
Facebook X (Twitter) Instagram
  • Home
  • About NabkaNews
  • Advertise with NabkaNews
  • DMCA Policy
  • Privacy Policy
  • Terms of Use
  • Contact us
Facebook X (Twitter) Instagram Pinterest Vimeo
Nabka News
  • Home
  • News
  • Business
  • China
  • India
  • Pakistan
  • Political
  • Tech
  • Trend
  • USA
  • Sports
Nabka News
Home » JPMorgan marks 1,000th branch opening since 2018 expansion plans
Business

JPMorgan marks 1,000th branch opening since 2018 expansion plans

i2wtcBy i2wtcJuly 31, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
Follow Us
Google News Flipboard Threads
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


JPMorgan CEO Jamie Dimon: AI will replace certain jobs, like all technology has

JPMorgan Chase has built 1,000 new branches in seven years. That’s more locations than most of its competitors operate in total. 

The bank is marking the milestone opening in Charlotte, North Carolina, on Thursday where Chairman and CEO Jamie Dimon is attending a ribbon-cutting ceremony. The firm has roughly 5,000 branches, the most of any American bank, according to Federal Reserve data from March.

“It’s a great marker for us to be able to say, you can see our commitment over time and we’re on a marathon with regard to this expansion,” said Jennifer Roberts, the CEO of Chase Consumer Banking, in an interview. “A thousand [branches] is significant – a thousand is bigger than many regional competitors have at all.”

In 2018, JPMorgan operated bank branches in 23 U.S. states and said it would expand into as many as 20 new markets over the following five years with about 400 new locations. By 2021, the firm said it had branches in all 48 lower states. And last February, JPMorgan announced a new, multibillion-dollar investment to open another 500 new locations by 2027. 

JPMorgan CEO Jamie Dimon: The tax bill created a stable tax environment

JPMorgan said over the past seven years, Chase has opened more bank branches than all of its large bank peers combined. However, many of JPMorgan’s competitors have recently announced plans to expand their own footprints as the quest for deposits heats up.

Bank of America recently announced a branch expansion, with plans to open 150 new centers by 2027. And Wells Fargo plans to add branches, especially now that it’s fulfilled a regulatory consent order that had been constraining its growth. 

The industry-wide growth plans could help reverse a trend dating back to the 2008 financial crisis in which the U.S. has seen the net number of bank branches plummet. The combination of fewer overall banks and the advent of online banking has broadly made brick-and-mortar locations lower priority. However, in recent years, especially amid the population migration during and after the pandemic, banks have been reorienting their footprints to capture more deposits. 

Expanding in Charlotte puts JPMorgan head-to-head with rival Bank of America, which is headquartered there and has 71% market share in the city, according to KBW and S&P Global Market Intelligence data. 

Roberts said after the expansion is complete, Chase will have about 75 branches in North Carolina. She said that the bank is expanding there due to its “young, fast-growing population” and that there’s a “lot of wealth coming into that area” as well. 

JPMorgan CEO Jamie Dimon: Fed independence is important and keeps interest rates lower

JPMorgan said at its investor day in May that its newer branches are expected to ultimately contribute more than $160 billion in incremental deposits. The firm said each new branch breaks even within four years.

JPMorgan said when its expansion is complete, Chase will have added more than 1,100 branches, renovated 4,300 locations and entered 80 new markets. It also expects that 75% of the U.S. population will be able to reach one of its branches within an “accessible drive.”

Don’t miss these insights from CNBC PRO

Correction: This article has been updated to correct that Chase will have 75 branches in North Carolina once the company’s expansion plans are complete. An earlier version misstated the timeline.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
i2wtc
  • Website

Related Posts

Business

Trunk Tools uses AI to reduce construction errors and waste

August 1, 2025
Business

Moderna (MRNA) Q2 2025 earnings

August 1, 2025
Business

Family offices use structured pay to keep executives for the long term

August 1, 2025
Business

How much are Southwest’s new assigned seats? It depends

August 1, 2025
Business

Best Buy, Ikea test new kitchen concept in U.S. stores

July 31, 2025
Business

How wealthy yacht buyers plan to avoid the European tariffs

July 31, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

US, India begin trade talks after 25% tariff by Trump

August 1, 2025

House Republicans unveil aid bill for Israel, Ukraine ahead of weekend House vote

April 17, 2024

Prime Minister Johnson presses forward with Ukraine aid bill despite pressure from hardliners

April 17, 2024

Justin Verlander makes season debut against Nationals

April 17, 2024
Don't Miss

Trump says China’s Xi ‘hard to make a deal with’ amid trade dispute | Donald Trump News

By i2wtcJune 4, 20250

Growing strains in US-China relations over implementation of agreement to roll back tariffs and trade…

Donald Trump’s 50% steel and aluminium tariffs take effect | Business and Economy News

June 4, 2025

The Take: Why is Trump cracking down on Chinese students? | Education News

June 4, 2025

Chinese couple charged with smuggling toxic fungus into US | Science and Technology News

June 4, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to NabkaNews, your go-to source for the latest updates and insights on technology, business, and news from around the world, with a focus on the USA, Pakistan, and India.

At NabkaNews, we understand the importance of staying informed in today’s fast-paced world. Our mission is to provide you with accurate, relevant, and engaging content that keeps you up-to-date with the latest developments in technology, business trends, and news events.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

US, India begin trade talks after 25% tariff by Trump

August 1, 2025

Pakistan, Afghanistan, UAE to play T20I tri-series in Sharjah – Sport

August 1, 2025

Epstein accomplice Ghislaine Maxwell moved to Texas prison

August 1, 2025
Most Popular

2nd plenary meeting of 3rd session of 14th NPC held in Beijing-Xinhua

March 8, 2025

Spring breeze warms up outdoor sports spending in China-Xinhua

March 15, 2025

2025 Appliance & Electronics World Expo kicks off in Shanghai-Xinhua

March 20, 2025
© 2025 nabkanews. Designed by nabkanews.
  • Home
  • About NabkaNews
  • Advertise with NabkaNews
  • DMCA Policy
  • Privacy Policy
  • Terms of Use
  • Contact us

Type above and press Enter to search. Press Esc to cancel.