JPMorgan Chase & Co. CEO Jamie Dimon has sold approximately $31.5 million worth of the bank’s stock, according to a regulatory filing published Monday. The sale involved 133,639 shares.
This marks Dimon’s second major sale since taking over as chief executive in 2005. His previous sale occurred in 2023 when he disclosed plans to sell shares for the first time in his tenure.
The latest transaction comes shortly after JPMorgan reported stronger-than-expected earnings for the first quarter, driven by record equities trading revenue and higher fees from debt underwriting and M&A advisory activity.
JPMorgan remains the largest U bank by assets and has a market capitalisation of about $653.2 billion, according to data from LSEG. The bank’s stock is closely watched by investors as a bellwether for the broader financial sector.
Dimon’s share sale follows increased scrutiny of executive stock transactions across the financial industry, especially when occurring near earnings announcements or market-moving events.
