JPMorgan Chase CEO Jamie Dimon (JPM) will be selling one million shares of his stake in the bank, according to a regulatory filing. The sales will be...
. The sales will be scheduled starting in 2024. The filing says Dimon is selling the shares for"financial diversification and tax-planning purposes." The filing also states that"Dimon continues to believe the company’s prospects are very strong and his stake in the company will remain very significant." Dimon's currently owns about 8.6 million JPMorgan shares. It is his first stock sale since becoming the bank's CEO.
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With muted growth due to market uncertainty, this top tech stock might be a great addition to your portfolio for when the bull market begins again. The post 1 Tech Stock You’ll Be Glad You Bought When the Bull Market Roars appeared first on The Motley Fool Canada.The Bank of Canada left its key interest rate unchanged, a widely expected move that comes amid growing evidence that rate hikes are weighing on the Canadian economy.Shopify Inc could become enticing again in the next bear market.
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JPMorgan CEO Jamie Dimon to sell portion of stake in bank for first time in nearly 18-year tenureDimon and his family intend to sell 1 million of the 8.6 million shares they own, subject to the terms of a stock trading plan, JPMorgan said in a regulatory filing
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