02:47 PM EDT, 09/24/2025 (MT Newswires) -- JPMorgan Chase ( JPM ) is adding its dedicated service targeting single-digit millionaires called JP Morgan Private Client to 53 of its branches in affluent areas of New York, Connecticut, Florida, and Texas, Bloomberg reported Wednesday, citing a statement from the lender.

The move adds to 18 financial centers and 15 offices servicing customers with deposit and investment balances in the range of $1 million to $5 million, according to the report.

The fast-growing client base of single-digit millionaires is "an underserved part of the marketplace and one in which we are really focused on," Bloomberg quoted JPMorgan's ( JPM ) head of affluent banking Stevie Baron as saying in an interview.

JPMorgan ( JPM ) did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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