America’s biggest bank is growing the old-fashioned way: branches

(Image: WSJ)

Thu, 08 Feb 2024

By David BenoitJPMorgan Chase is giving the humble bank branch some swagger. Hundreds of branches at rival banks are being closed each year, and customers are shunning the teller and choosing the mobile app. But at the nation’s biggest bank, old-fashioned bricks-and-mortar locations are part of the secret sauce. The bank Tuesday announced plans to double down, continuing a years-long strategy. JPMorgan plans to build 500 new branches in the next three years, it said, confirming an earlier report in the Wall Street Journal. ...

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