Jamie Dimon Sells $150M in JPMorgan Shares, First Since 2005

In a move that caught the eyes of Wall Street, Jamie Dimon, CEO of JPMorgan Chase, has sold approximately $150 million worth of his shares in the bank.

This sale, revealed through a SEC filing, marks the first time Dimon has sold shares since he took the helm in 2005. Despite this significant number, Dimon and his family still hold a substantial 8.6 million shares.

JPMorgan Chase & Co., with a market cap of over $527 billion, reassured that this sale doesn't signal any impending leadership changes. Dimon, whose leadership saw JPMorgan's biggest-ever annual profit last year and a successful acquisition of First Republic Bank, saw his compensation rise to $36 million in 2023.