"The more physical locations you provide to the point of saturation, the faster you are going to grow. That's what's so interesting about this-those rules still apply." Scharf said JPMorgan Chase is investing in the future-and it can afford to. Having stayed profitable through the crisis, analysts project it will generate some $12 billion of capital in 2011, according to the company's investor day presentation in February. "To the extent that others don't want to be in branch banking it creates more of an opportunity for us," Scharf said. It does not expect its new branches to start adding to the bottom line for years. Washington Mutual was a thrift, whereas JPMorgan Chase has a hand in just about every aspect of banking-including having the top-performing investment bank on Wall Street. Its plan is to offer products and services Washington Mutual did not.