JPM · News · 20261020N

Branch Network Expansion

JPMORGAN CHASE & CO · 2026-10-20 · Importance 31 · Surprise 42

JPMorgan is expanding its physical branch network while competitors are also investing in branches. The strategy is intended to acquire and retain deposits, investment accounts and business borrowers through physical customer access. The key commercial test is whether deposit and fee growth can offset customer acquisition and servicing costs without requiring excessive deposit pricing.

Key facts

• JPMorgan Chase trades at 13x forward P/E versus 14x trailing P/E, and reported Q2 EPS of $7.70, or $6.14 excluding significant securities gains. source