J.P. Morgan Chase & Co. (NYSE:JPM) has scheduled to open four Valley branches.

J.P. Morgan Chase & Co. (NYSE:JPM) To Expand Branch Network

Reports say that J.P. Morgan Chase & Co. (NYSE:JPM) is opening four new offices in the San Fernando Valley this year and also hiring 65 to 70 new employees to staff them.

The move is part of J.P. Morgan Chase & Co. (NYSE:JPM)’s plan to grow its branches by 80 in California this year, adding 1,200 jobs.

Pablo Sanchez, head of J.P. Morgan Chase & Co. (NYSE:JPM)’s branch network in the Western United States, said that “California is a state with many opportunities for growth, and we plan to invest significantly in the people, facilities and technology needed to serve California consumers and businesses well. J.P. Morgan Chase & Co. (NYSE:JPM) is creating many jobs, including construction workers to build the branches, vendors to provide services to Chase and, most importantly, branch employees to help our customers with their financial needs”.

JP Morgan Chase & Co. (NYSE:JPM) stocks were at 37.66 at the end of the last day’s trading. There’s been a 8.9% change in the stock price over the past 3 months.

JP Morgan Chase & Co. (NYSE:JPM) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.38
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.27
Zack’s Rank: 3 out of 15 in the industry