The CEOs of two of the largest financial institutions in the United States, JAMIE DIMON of JPMorgan Chase and BRIAN MOYNIHAN of Bank of America, have recently sold significant amounts of their personal equity in their respective companies.
According to SEC filings tracked by SecForm4.Com, the CEOs collectively offloaded stocks worth approximately $32.18 million this month. These transactions add to a series of sales that have taken place since the beginning of the year.
JAMIE DIMON, CEO of JPMorgan Chase, sold 133,639 shares on April 14th, totaling around $31.50 million. This follows a larger transaction in February, where he sold 866,361 shares worth approximately $233.78 million when the bank’s stock was nearing all-time highs.
Meanwhile, BRIAN MOYNIHAN, CEO of Bank of America, sold shares worth $679,717 on April 17th. This is part of a consistent pattern of sales by Moynihan, who has disposed of Bank of America stock every month since July 2022. Earlier this year, he sold shares valued at $731,563 in March, $971,274 in February, and $974,169 in January.
Combined, the two executives have sold shares worth approximately $268.63 million since January 2024. Notably, while Moynihan has maintained a regular schedule of stock sales, Dimon’s February transaction marked the first time he sold shares in JPMorgan Chase since taking the reins as CEO in December 2005. Over the past 14 months, Dimon has sold JPMorgan Chase stock worth $448.26 million.
Both executives have led their respective banks for over a decade, with Moynihan assuming the role of Bank of America CEO in January 2010.
Sources: SecForm4.Com