Jamie Dimon Finishes Million-Share Sale Announced Last Year

-- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon , who announced plans last year to sell 1 million shares in the lender, sold almost $33 million of stock on Monday, bringing his total sales to that level.S&P 500 Breaks Below 5,100 as Big Tech Sells Off: Markets WrapDimon sold 178,222 shares at about $184 a piece, according to a filing late Monday. The stock, which has outperformed the broader market and peers during his tenure, traded at a record high late last month.

The firm outperformed much of the industry in the wake of last year’s regional-banking turmoil, as it reached a deal to acquire First Republic and later posted the largest annual profit in US banking history. When he took over as CEO, the stock was trading for around $40. It closed at $182.89 Monday.

The energy sector is ripe for fresh gains due to attractive valuations, investor positioning, and structural tailwinds, David Rosenberg said. -- Investors and metals traders can’t agree on what exactly is behind gold’s recent rally. At King Gold & Pawn in Brooklyn, the customers don’t care. They just want to sell.

Bloomberg Chief Executive Officer

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jamie Dimon inks new shareholder letter, outlines top concernsIn his latest shareholder letter, JPMorgan (JPM) Chase CEO Jamie Dimon has highlighted three key concerns: interest rate hikes in the US economy, risks posed...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

JPMorgan CEO Jamie Dimon warns inflation, political polarization, wars creating risks not seen since WWIIHead of largest U.S. banks continues to expect the U.S. economy to be resilient and grow this year
Source: globeandmail - 🏆 5. / 92 Read more »

Why Jamie Dimon, Elon Musk, and Bill Ackman took sides in the Disney-Peltz proxy battleDisney’s position as an iconic brand with a well-known, polarizing CEO drew outsized attention and unexpected personalities into this drama.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Appeals Court Blocks Trump’s $464 Million Bond if He Posts $175 Million in 10 DaysThe five-judge panel also extended a stay on other parts of the judgment.
Source: LegInsurrection - 🏆 3. / 95 Read more »

New Brunswick budget $41-million in surplus, but health-care increase just $2 millionThe final New Brunswick budget before residents head to the polls in a provincial election this year contains virtually no new spending on health care and no voter-friendly measures like tax cuts.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

New Brunswick budget $41-million in surplus, but health-care increase just $2 millionFREDERICTON — The final New Brunswick budget before residents head to the polls in a provincial election this year contains virtually no new spending on health care and no voter-friendly measures like tax cuts. The $13.
Source: SooToday - 🏆 8. / 85 Read more »