JPMorgan's Dimon Sells Stock for Over $30 Million
18 April 2025 路 Uncategorized 路
Source: 路 https://finance.technews.tw/2025/04/15/jpmorgan-jamie-dimon-sell-stock-cash/
According to recent filings submitted to the U.S. Securities and Exchange Commission (SEC), Jamie Dimon, CEO of JPMorgan Chase鈥擜merica's largest bank鈥攈as sold shares valued at approximately $31.5 million.
Reuters reported that SEC data indicates Dimon divested 133,639 shares on April 14th, selling them for an average price of $235.6774 per share and generating roughly $31.5 million in proceeds. This marks the second time since becoming CEO in 2006 that Dimon has sold his holdings; he initially did so in February of last year, prompting speculation about a potential retirement or leadership transition at JPMorgan Chase.
JPMorgan previously stated that Dimon鈥檚 share sales are part of ongoing asset allocation and tax planning strategies. Since assuming the role in 2006, Dimon has steered JPMorgan to become America's leading commercial bank, earning him widespread recognition as "America's Strongest Banker," with some even suggesting he could be nominated for positions such as U.S. Treasury Secretary or presidential candidate.
On April 11th, JPMorgan released its Q1 financial report, revealing a net profit increase of 9% year-over-year to $14.6 billion鈥攅xceeding expectations due to increased trading volumes resulting from recent market volatility and portfolio adjustments by investors.
(Reprinted with permission from MoneyDJ News; Image source: JPMorgan Chase)
Reuters reported that SEC data indicates Dimon divested 133,639 shares on April 14th, selling them for an average price of $235.6774 per share and generating roughly $31.5 million in proceeds. This marks the second time since becoming CEO in 2006 that Dimon has sold his holdings; he initially did so in February of last year, prompting speculation about a potential retirement or leadership transition at JPMorgan Chase.
JPMorgan previously stated that Dimon鈥檚 share sales are part of ongoing asset allocation and tax planning strategies. Since assuming the role in 2006, Dimon has steered JPMorgan to become America's leading commercial bank, earning him widespread recognition as "America's Strongest Banker," with some even suggesting he could be nominated for positions such as U.S. Treasury Secretary or presidential candidate.
On April 11th, JPMorgan released its Q1 financial report, revealing a net profit increase of 9% year-over-year to $14.6 billion鈥攅xceeding expectations due to increased trading volumes resulting from recent market volatility and portfolio adjustments by investors.
(Reprinted with permission from MoneyDJ News; Image source: JPMorgan Chase)