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  "documentTitle": "2022 consumer community banking investor day",
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  "authorName": "JPMorgan Chase & Co.",
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  "notes": "The slide uses a comparative structure to show the results of two different strategic actions: consolidation vs. expansion.",
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      "text": "We are optimizing our branch network to align with customer demand in mature markets... and leveraging our proven local model to expand in high opportunity markets.",
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      "text": ">500 total new builds since 2017, including ~300 in new markets; $20B incremental balances to date; ~4 yr. expected new build break-even",
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      "text": "~850 total consolidations since 2017; ~$400mm in run-rate expense savings; +210bps deposit share gain since 2017",
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      "text": "deposit share gain: 210bps",
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      "text": "Illustrative markets: New York, Los Angeles, Chicago. Branch share: 16%, 17%, 13%. Deposit share change: 23.8% (+2.4 ppts), 19.3% (+4.5 ppts), 24.1% (+3.1 ppts). Branch count change: (148), (36), (58).",
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      "text": "Illustrative markets: DC, Boston, Philadelphia. Branch share: 3%, 2%, 3%. Incremental deposits: $2.1, $1.6, $1.4. Branches opened: 41, 31, 44.",
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