According to a new SEC filing, Jamie Dimon, the long-serving CEO of JPMorgan Chase, has sold 133,639 shares of company stock worth approximately $31.5 million. The transaction was executed on April 14 at an average price of $235 per share, leaving Dimon with 1.32 million shares in direct ownership. He also holds additional stock indirectly via family trusts, 401(k) plans, GRATs, and a limited liability company.
From Long-Term Holder to Strategic Seller
Dimon, historically viewed as a long-term investor in JPMorgan stock—especially during volatile periods like 2007, 2009, 2012, and 2016—has notably shifted strategy.
In 2024, Dimon sold approximately 1 million shares over two major transactions:
February 2024: Sold 821,778 shares for around $150 millionApril 2024: Offloaded another 178,222 shares, valued at about $33 million
Additionally, in February 2025, he liquidated another $233 million worth of JPMorgan stock, amounting to over 11% of his total holdings.
Strong Profits, Weak Confidence
JPMorgan recently posted strong first-quarter earnings, beating Wall Street expectations. However, despite the positive numbers, the bank remains cautious amid global economic and trade uncertainties.
The return of Donald Trump to the presidency initially sparked optimism in business circles. But that momentum stalled following the administration’s steep tariffs on multiple countries, which have since been temporarily paused.
Dimon noted during the Q1 earnings call that middle-market clients are pulling back on investments and deal-making due to the volatile economic environment.
Succession Planning in Motion
Now approaching 20 years at the helm of the largest U.S. bank by assets, Dimon has begun succession planning.
In May 2024, he remarked that his tenure was “not five years anymore”, signaling a potential exit timeline between 2025 and 2026. While Dimon intends to remain CEO “for the next few years,” a transition to chairman is reportedly being considered.
His recent share sales are fueling speculation about his long-term intentions at JPMorgan, even as the bank continues to dominate the U.S. financial sector.
Conclusion
Jamie Dimon’s recent $31.5 million stock sale, part of a larger offloading trend, coincides with leadership transition discussions and increasing economic instability. While JPMorgan remains a market leader under his direction, the timing and scale of Dimon’s sell-offs suggest that significant changes could be on the horizon—both for the CEO and the institution he’s shaped for two decades.
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