JPMorgan CEO Jamie Dimon sells company stock worth $31.5 million amid succession plan

JPMorgan Chase CEO Jamie Dimon has sold nearly $31.5 million worth of company stock. According to a regulatory filing (seen by the news agency Reuters), the sale involves 133,639 JP Morgan shares, coming after Dimon offloaded some shares last year, which was his first stock sale since becoming CEO in 2005. The move follows JPMorgan's strong first-quarter performance, where it beat profit estimates thanks to record equities trading and increased fees from debt underwriting and M&A advisory. Dimon’s compensation for 2024 was also raised by 8.3%, bringing his total pay to $39 million. This comes as the company decides on who will succeed Dimon as CEO.

Dimon’s latest share sale comes amid ongoing succession planning at JPMorgan, where he has served as CEO for 19 years. At 69, Dimon remains a key figure on Wall Street, but the bank’s board is increasingly focused on preparing for his eventual departure — something Dimon himself described last year as his top priority. In recent remarks, Dimon also cautioned shareholders about the long-term risks of trade wars, highlighting concerns over sustained inflation and rising fiscal deficits.

Recently, Dimon shared a hopeful view of America’s future, encouraging young investors to shift their focus away from negativity. In an interview with Fox Business, Dimon said the next generation is set to inherit a country with significant economic value and could benefit from progress in areas like artificial intelligence and healthcare, including potential treatments for cancer.
He also advised young people to take care of their physical and mental health and to approach others with fairness, honesty, and respect.
"If you don't take care of your mind, your body, your spirit, your soul, your friends, your family — you're not going to have a great life and enjoy it. Have a little heart and humanity, treat people properly. The way I grew up, the way you treat everyone is fair and honest and forthright and you'll have a great life," Dimon said.