The Death Of The Bank Branch Has Been Greatly Exaggerated

KBW Online banking is all the rage. But that doesn't mean bank branches have been rendered irrelevant. Bank of America's mobile customers reached 22.2 million in the first quarter of 2017. And JPMorgan, which boosts 27.3 million mobile users, is making a number of investments in digital banking. But according to a recent note penned by equity analysts at Keefe, Bruyette & Woods, Inc, the New York-based investment banking firm, the total number of US bank branches is down just 3.5% from peak levels.

Topics:  kbw   online   bank   america   and jpmorgan   keefe   bruyette    woods   new york-based   here's andrew cecere   ceo   us bancorp    the   marianne lake   cfo   jpmorgan   but i   watch   galloway    and   april   branches   consumers   number   continue   increase   interest   reducing   mobile   modest   square   report   million   economics   transactions   presence   numbers   rates   ve   today   
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