JPMorgan Chase & Co. plans to expand its retail banking operations by hiring 1,200 bankers and opening about 120 branches by the end of 2010, Jamie Dimon, its chairman and chief executive, said Tuesday.

In slides that accompanied Dimon's presentation at a Goldman Sachs conference in New York, the company reiterated that it sees "some initial signs of stability in consumer delinquency trends, but we are not certain if this trend will continue."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.