JPMorgan Chase CEO Jamie Dimon has sold approximately $31.5 million worth of the bank’s stock, according to a regulatory filing released Monday. The transaction involved the sale of 133,639 shares.
This marks Dimon’s second major share sale in recent years, following his first-ever such move in 2023 since taking the helm in 2005. The sale comes as the 69-year-old executive continues to steer JPMorgan through a period of strong performance and prepare for a future leadership transition.
JPMorgan, the largest U.S. bank, recently beat first-quarter earnings expectations, driven by record equities trading and a rise in fees from debt underwriting and M&A advisory. Dimon’s 2024 compensation rose 8.3% to $39 million.
Dimon, one of Wall Street’s most influential voices, has emphasized that succession planning is now his top priority. In his latest annual letter to shareholders, he also warned of long-term economic risks from trade tensions, including inflation and rising fiscal deficits.
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