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JPMorgan raising wages, hiring, opening more branches

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This Sept. 13, 2014, file photo, shows the Chase bank logo in New York. On Tuesday, Jan. 23, 2018, JPMorgan Chase said it is boosting hourly wages and opening new branches following recent earnings and tax cuts. The financial firm will also boost loan availability to potential homeowners and increase philanthropic giving. (AP Photo/Frank Franklin II, File)

NEW YORK (AP) — JPMorgan announced Tuesday that it will boost wages, open new branches and hire thousands of new workers, citing improved economic performance and sweeping changes to the U.S. tax code.