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Jamie Dimon said in interview at Stanford “ We bank 50 million people on out households and soon we are going to have online investing and robo investing” I am nkt sure if we bank 50 million households means that they lend money to 50 million households?

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"We bank 50 million people on out households and soon we are going to have online investing and robo investing”

We're usually tempted to make an assumption here since there's an 'investing' word, it might be related to some kind of 'bank transaction such as lending/borrowing/any transaction with bank or making account with bank' while in this context, it means to rely on confidently, and with added context, it means that:

We depend on 50 million people (out (of)/motivated by) households and soon we are going to have online investing and robo investing

Bank on here is a phrasal verbs. It means to depend or rely on confidently or to rely on a future occurrence (even though it might not happen).

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