Investment Banking

JPMorgan CEO Jamie Dimon sells $125m of stock

Jamie Dimon sold $125m of JPMorgan stock through a plan, while his wife Judith Kent sold $25m of stock

Scheme triggers sales 'for financial diversification and tax planning purposes'
Scheme triggers sales 'for financial diversification and tax planning purposes' Photo: Win McNamee/Getty Images

JPMorgan Chase chair and chief executive Jamie Dimon just sold shares of his bank for the first time.

Dimon sold 683,038 JPMorgan shares for $125m, an average price of $182.73 each. According to a form he filed with the Securities and Exchange Commission, the stock was sold through trusts that he controls.

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