JPMorgan (NYSE:JPM) CEO Jamie Dimon Says He's Not Going Anywhere

Speculation continues to swirl around JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon on the possibility of his entering into the political arena.

Dimon put that rumors to rest at the annual investor day of the bank, saying, "I'm not going into politics and I'm not opening a restaurant. I love what I do. I want to be here. I want to stay."

Concerning fears over the possible phasing out of Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC), Dimon said the bank was ready to deal with whatever happens, even though they are among the largest providers of home loans in the United States.

Addressing growth in 2011, the company said most of that will come from Asia and Latin America. In America they are looking at their largest expansion to be in California and Florida.

The goal of the company over the next three years is to add a minimum of 1,000 branches, according to retail financial services Chief Executive Charlie Scharf, and over five years up to 2,000.

Wells Fargo (NYSE:WFC) has the most branches with approximately 6,500; Bank of America (NYSE:BAC) has about 6,000 branches; and JPMorgan is next with 5,172 branches in the U.S.

Talking on what it would cost the bank if processing fees on debit cards remain intact, Scharf said it would lose about $1.3 billion.

JPMorgan closed Tuesday at $46.82, gaining $0.28, or 0.60 percent.