Banking giant JPMorgan Chase may soon open retail branches in Boston.

The company said in a statement Tuesday that it would be investing billions in order to expand into new markets and open up hundreds of new retail branches. While J.P. Morgan did not specifically say it would be opening branches in Boston, it did cite the city as one of the major markets in which it is not yet a leader.

“The heart of our company is our retail branches,” Gordon Smith, CEO of consumer and community banking at Chase, said in statement. “We are a leader in 23 states, but aren’t yet in major markets like Washington D.C., Boston, Philadelphia and many others. Now that we are planning to expand into new markets, we will hire thousands of new employees and help consumers and small businesses in these areas.”

In the announcement, the company said it intends to expand into 15 to 20 new markets and open 400 new branches, which will employ 3,000 people.

JP Morgan currently has 5,130 retail branches. In Boston, it has offices for other banking business at 50 Rowes Wharf, 1 Federal St. and 70 Fargo St. As far as its current retail options, there are two Chase ATMs at Logan Airport and another at 30 Rowes Wharf, according to the company’s website.

The expansion news was part of a broader announcement that the company would invest a $20 billion over the next five years not only to add branches, but also to increase employee wages, increase philanthropic events by $1.75 billion, increase small business lending by $4 billion and accelerate affordable housing lending. The company attributed the new investment to business performance, recent changes to the U.S. corporate tax system and a more constructive regulatory and business environment.

“Having a healthy, strong company allows us to make these long-term, sustainable investments,” said Jamie Dimon, chairman and CEO of JPMorgan Chase. “We are excited about further investing in our outstanding workforce and expanding into new U.S. markets. When we enter a community, we enter it with the full force of JPMorgan Chase behind it. We hire people. We lend to and support local businesses. We help customers with banking, lending and saving. And we align our business and philanthropic efforts to help more communities benefit from a growing economy. This company has made a significant economic impact in all of the communities we operate in, and we are excited to become an even more relevant part of many others.”