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0.00328227571115971 0.00328227571115971 0.00251641137855584 0.00382932166301963 0.00295404814004372 -0.00268052516411383 -0.0122538293216631 -0.0163566739606127
Stock impact report

Jamie Dimon made $183 million from selling JPMorgan stock [Business Insider]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Dimon's first disposals in 19 years were for diversification and tax planning, JPMorgan said. Jamie Dimon has wrapped up his planned sale of 1 million JPMorgan shares, pocketing $183 million in total proceeds. The boss of America's biggest bank disposed of about 178,000 shares for about $33 million on Monday, regulatory filings show . He already cashed in 822,000 shares for $150 million on February 22. JPMorgan flagged its CEO's intended disposals to the market in late October, saying they were for "financial diversification and tax-planning purposes." In other words, too much of the Dimon fortune was riding on JPMorgan so the family wanted to spread its bets, and it also wished to extract some cash to cover future tax bills. The news surprised many as Dimon had never sold a share of JPMorgan since taking charge of the Wall Street titan in 2006. He's known for subscribing to Warren Buffett's view that bosses should have their own money on the line so they win or lose alongs Show less Read more
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