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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.
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