JPMorgan Chase CEO Jamie Dimon and his family sold about $82 in a series of transactions on Thursday, according to a SEC filing20,000 shares**, at nearly $183 per share, worth about $1$500 million. After Thursday's day, Dimon and his family still hold about 7.7 million JPMorgan shares.
Last year, Dimon announced plans for JPMorgan Chase, his first stake in JPMorgan in 18 years. The October announcement said that Dimon would have 1 million JPMorgan Chase shares under the terms of the trading plan.
Last year, JPMorgan Chase became the winner in the banking industry in the acquisition of First Republic Bank, and its share price was 31% in 2023 and has risen more than 8% since the beginning of this year. During Dimon's tenure, JPMorgan Chase & Co.'s share price outperformed ** and peers, with a share price of **05%, which is a record high, and the intraday high reached 185$2, far more than the $40 when Dimon was at the helm of JPMorgan Chase.
JPMorgan Chase & Co. said in a filing in October about Dimon's plan*** that "Mr. Dimon remains confident that the company's prospects are very strong and that his stake in the company will remain very large." ”
According to the financial report released last month, JPMorgan Chase posted revenue of 385 in the fourth quarter$7.4 billion, up 12% year-on-year, slightly below analysts' expectations of $39.7$800 million, net profit of 93$100 million, slightly below analysts' expectations and down 15% from $11 billion in the same period last year, but still recorded the most profitable year ever.
On Friday, JPMorgan Chase shares were not affected by the news of Dimon's stock sale. However, the financial blog zerohedge warns that the speed at which company insiders are selling ** is not seen in many years.
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