All articles tagged with #bank branches
Ford posted its first quarterly loss since 2023 due to over $800 million in tariffs, despite manufacturing mainly in the US. JPMorgan Chase has expanded to 5,000 branches, the most of any US bank. The US and Mexico are set to continue trade negotiations during a 90-day period amid ongoing tariffs, with recent talks described as successful by President Trump.
JPMorgan Chase plans to open over 500 new bank branches in the U.S. by 2027, focusing on areas where it is under-represented. The expansion comes as the bank aims to broaden its footprint and attract more deposits, with a focus on creating consultative spaces for private conversations with customers. The bank also plans to renovate existing branches, hire 3,500 more employees, and close some branches acquired during the First Republic Bank takeover. JPMorgan's aggressive expansion contrasts with some other lenders' shrinking presence, and reflects its aim to be customers' primary financial partner.