Jamie Dimon Sells $150 Million in JPMorgan Shares, Marking a Historic First
JPMorgan CEO Jamie Dimon has sold a significant portion of his stock in the bank for the first time in his 18-year tenure, signaling confidence in the company's future.
- Jamie Dimon, CEO of JPMorgan Chase, sold $150 million worth of the bank's stock, his first sale since taking the helm 18 years ago.
- The sale involved about 822,000 shares, with Dimon and his family still holding approximately 7.7 million shares after the transaction.
- JPMorgan's stock has seen a roughly 30% increase since the October announcement of Dimon's planned share sales, trading at a record high.
- Wall Street analysts remain bullish on JPMorgan's shares, with a consensus rating higher than its major banking peers.
- The sale is part of a larger plan for financial diversification and is not indicative of Dimon's immediate retirement plans.