An expansion of its branch network in a dozen states will enable JPMorgan Chase & Co. to provide more financial products to its mortgage borrowers.

Following the passage last year of the Tax Cuts and Jobs Act, the New York-based financial institution revealed plans for the profit from the windfall.

JPMorgan Chase Chief Executive Officer Jamie Dimon called for adding 400 U.S. branches in a bid to put his company’s large and rising profits to work finding new customers.

Source: Mortgage Daily