JPMorgan Chase chief executive Jamie Dimon and his family plan to sell one million of their shares in the bank starting next year, according to a new securities filing. Dimon — who will use his stock trading plans to offload his shares — and his family currently own roughly 8.6 million shares in the company. JPMorgan Chase shares closed at $140.76 on Thursday, putting the transaction’s worth at roughly $141 million. Shares of JPMorgan Chase have climbed roughly 5% this year during what’s been a tough environment for banks. JPMorgan Chase, the largest US bank by assets, has managed to turn out earnings beats this year despite the stormy conditions.

Source: CNN October 27, 2023 15:03 UTC