J.P. Morgan Chase & Co. (NYSE:JPM) has opened six new branches in Southwest Florida.

J.P. Morgan Chase & Co. (NYSE:JPM) Continues Florida Expansion

J.P. Morgan Chase & Co. (NYSE:JPM) announced that it has added six new Southwest Florida offices to its retail bank portfolio.

The new branches are part of a move to grow the company’s presence in the state and to attract new cutomers.

Jeremy Young, head of J.P. Morgan Chase & Co. (NYSE:JPM) branches in Southwest and Central Florida, said that, “J.P. Morgan Chase & Co. (NYSE:JPM) listens to our customers in various ways. J.P. Morgan Chase & Co. (NYSE:JPM) has mechanisms to gather that feedback in all areas of the country and when we hear that, we act on it. The company selected locations near busy intersections that are easy to get in and out of. J.P. Morgan Chase & Co. (NYSE:JPM) plans to open 14 more locations in the region in 2012. It also means jobs for locals. The six newest branches have created 80 jobs and each new location has an average of 12 to 14 employees. J.P. Morgan Chase & Co. (NYSE:JPM) is proud of our above-pace growth in Florida”.

JP Morgan Chase & Co. (NYSE:JPM) shares were at 30.46 at the end of the last day’s trading. There’s been a -22.9% change in the stock price over the past 3 months.

JP Morgan Chase & Co. (NYSE:JPM) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.28
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.38
Zack’s Rank: 3 out of 15 in the industry