JPMorgan CEO Jamie Dimon Offloads $31.5 Million in Bank Shares

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JPMorgan Chase & Co. CEO Jamie Dimon sold approximately $31.5 million worth of the bank's shares, as disclosed in a regulatory filing. This marks his second share sale since becoming CEO in 2005, with the first occurring last year. The sale involved 133,639 shares. The move comes as JPMorgan, the largest U.S. lender, exceeded first-quarter profit expectations, fueled by record equities trading and increased fees from debt underwriting and mergers.

Dimon’s pay for 2024 rose by 8.3% to $39 million. As he prepares for a leadership transition at 69, Dimon has emphasized succession planning as his top priority, while also warning shareholders about the potential long-term impacts of trade wars, such as persistent inflation and high fiscal deficits.

Paraphrasing text from "Reuters" all rights reserved by the original author