Main to remember
- Jamie Dimon sold 133,639 JPMorgan shares worth $ 31.5 million in April.
- Earlier this year, Dimon sold $ 233 million in the company’s shares.
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A new sec dossier reveals that the CEO of JPMorgan Chase, Jamie Dimon, discharged 133,639 shares, worth around 31.5 million dollars.
The transaction, executed at an average price of $ 235 per share on April 14, leaves Dimon with a direct property of 1.32 million shares. He maintains additional indirect assets through Family Trusts, 401 (K), the Concitators selected Les Trusts de Rénuts (Grats) and a limited liability company.
At JPMorgan Chase, Dimon was historically considered as a long -term holder, making major purchases in 2007, 2009, 2012 and 2016 – generally during periods of uncertainty of the market. However, since last year, he has gone on sale.
In 2024, Dimon sold about 1 million shares in total, carried out in two transactions. In February 2024, he sold around 821,778 shares worth around $ 150 million. Two months later, in April, he sold the remaining 178,222 actions, worth around 33 million dollars.
In February, Dimon sold for an additional $ 233 million of the company’s shares, which is equivalent to more than 11% of its assets.
The sale of Dimon stocks occurs while Jpmorgan Chase is solid this year. Last week, Wall Street giant brought back better than expected in the first quarter.
However, despite the strong number, the bank is still very cautious about economic prospects in the midst of trade tensions.
Donald Trump’s return to the presidency initially strengthened the confidence of companies, but this optimism was shaken when his administration introduced new steep prices on many countries.
However, these prices were temporarily interrupted. These back and forth movements have added to market instability.
Dimon noted last week that intermediate market customers reduced investments and transactions due to the uncertainty of the market.
JPMorgan, the largest American bank by assets, maintained a solid lead on its peers throughout the term of Dimon of almost 20 years.
Dimon reported that the succession planning is in motion. Last May, he indicated that his mandate was no longer “no more than five years”, which prompted the speculations he could resign by 2025 or 2026.
However, Dimon plans to remain CEO for the coming years, with a possible transition to the president later.
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