Dimon plans to sell $221m worth of JPMorgan shares
JPMorgan Chase & Co chief executive officer Jamie Dimon plans to sell shares currently worth about $US141 million ($221 million), the first such transaction since he took the helm at the Wall Street giant almost 18 years ago.
Starting next year, Dimon and his family will dispose of 1 million of the lender’s shares for financial diversification and tax-planning purposes, according to a regulatory filing on Friday (Saturday AEDT). JPMorgan shares closed at $US140.76 in New York on Thursday.
Bloomberg
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Equity markets
Fetching latest articles