Jamie Dimon sells $31.5M worth of JPMorgan shares – Business News
JPMorgan Chase CEO Jamie Dimon has bought about $31.5 million worth of the bank’s shares, in accordance with a regulatory submitting.
Dimon had additionally offloaded some shares final yr in his first such sale since taking excessive position in 2005.
JPMorgan, the biggest US lender, final week surpassed its first-quarter revenue estimates on file equities trading and better charges from debt underwriting and advising on mergers.
Jamie Dimon’s JPMorgan, the biggest US lender, final week surpassed its first-quarter revenue estimates. AP
Dimon’s 2024 pay bundle went up 8.3% to $39 million.
The submitting on Monday mentioned Dimon bought 133,639 shares. JPMorgan shares closed Monday at $234.72, down 0.6%.
The share sale comes as JPMorgan prepares for an eventual management transition. Dimon, 69, is one of essentially the most influential figures on Wall Street and has run the bank for 19 years.
The bank’s board has mentioned it’s targeted on the succession planning, which Dimon mentioned final yr is his most important process.
Recently, Dimon additionally warned shareholders that commerce wars might have lasting damaging penalties together with persistent inflation and high fiscal deficits.
