The plans were announced as part of the banks annual investor day conference. The closures are part of a USD 1.4 billion cost-cutting plan the bank initiated in 2015.
JPMorgan executives said that, because of the increasing use of online and mobile banking services, it plans to re-tool its existing branches away from everyday transactions like tellers to focus on advisory services.
A spokesman for JPMorgan said it was too early to know which bank branches would be closed. JPMorgan has 5,602 branches in 2014.
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