JPM Expanding Footprint to Serve Affluent Clients: Buy, Sell or Hold?

JPMorgan (JPM) is expanding its affluent banking services by opening 14 new J.P. Morgan Financial Centers across California, Florida, Massachusetts and New York. These new branches, many of which were formerly First Republic Bank locations, bring the total number of such centers to 16. JPM has plans to nearly double the figure by 2026.Designed to offer a personalized, high-touch experience for affluent clients, these centers feature private meeting spaces and a refined environment. They cater to clients eli ...