Key Takeaways
- Jamie Dimon sold 133,639 JPMorgan shares worth $31.5 million in April.
- Earlier this year, Dimon sold $233 million of company stock.
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A new SEC filing reveals that JPMorgan Chase CEO Jamie Dimon offloaded 133,639 shares, valued at approximately $31.5 million.
The transaction, executed at an average price of $235 per share on April 14, leaves Dimon with direct ownership of 1.32 million shares. He maintains additional indirect holdings through family trusts, 401(k) accounts, grantor retained annuity trusts (GRATs), and a limited liability company.
At JPMorgan Chase, Dimon was historically seen as a long-term holder, making major purchases in 2007, 2009, 2012, and 2016 — typically during periods of market uncertainty. However, since last year, he has shifted to selling.
In 2024, Dimon sold about 1 million shares in total, executed in two transactions. In February 2024, he sold approximately 821,778 shares worth around $150 million. Two months later, in April, he sold the remaining 178,222 shares, worth about $33 million.
In February, Dimon sold another $233 million worth of company stock, equivalent to more than 11% of his holdings.
Dimon’s stock sale comes as JPMorgan Chase is off to a strong start this year. Last week, the Wall Street giant reported better-than-expected profits in the first quarter.
However, despite the strong numbers, the bank is still very cautious about the economic outlook amid trade tensions.
The return of Donald Trump to the presidency initially boosted business confidence, but that optimism was shaken when his administration introduced steep new tariffs on many countries.
However, these tariffs have been temporarily paused. These back-and-forth moves have added to market instability.
Dimon noted last week that middle-market clients are scaling back investments and deals due to market uncertainty.
JPMorgan, the largest US bank by assets, has maintained a strong lead over its peers throughout Dimon’s nearly 20-year tenure.
Dimon has signaled that succession planning is in motion. Last May, he indicated that his tenure was “not five years anymore,” prompting speculation he could step down by 2025 or 2026.
However, Dimon plans to stay on as CEO for the next few years, with a possible transition to chairman later.
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