JPMorgan CEO Jamie Dimon Sells $150 Million Worth of Shares, a First Since 2005 💰🇺🇸

Jamie Dimon, the CEO of JPMorgan Chase, has reportedly sold approximately $150 million worth of shares in the bank, marking the first instance of Dimon selling shares since assuming the position in 2005. According to a filing with the Securities and Exchange Commission (SEC), Dimon and his family had earlier expressed their intention to sell 1 million shares out of their total holdings of 8.6 million shares, as disclosed in October 2023. As of now, Dimon has sold 821,778 shares. The move is not linked to leadership succession, and the bank clarified that Dimon currently has no immediate plans for further stock sales, although it remains a possibility in the future. Despite the sale, JPMorgan reported its largest-ever annual profit in the previous year, and Dimon’s compensation for 2023 increased by about 4.3% to $36 million. The bank’s market capitalization stands at over $527 billion.