JP Morgan Chase grows its business

The American bank JPMorgan Chase is planning to invest about $20 billion in the development of its business during the next five years. According to the investment plan, the company is going to raise wages for 22,000 the lowest-paid employees of the bank by 10%, as well as to hire 4,000 new employees. Also, JPMorgan Chase is planning to increase the small business lending and further support for low- and middle-income American communities. At the moment, JPMorgan Chase is one of the largest investment banks in the world and operates in more than 60 countries.

Over the last week, JPMorgan Chase shares have increased by 2.3% and will continue to grow on the news. Trading will be available during the American session, from 14:40 to 21:00 GMT.

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