JPMorgan CEO Jamie Dimon Plans to Sell Up to 1 Million Shares

New York, New York United States of America
Jamie Dimon, CEO of JPMorgan Chase, plans to sell up to 1 million shares of the bank over the next five years.
The sales are part of a pre-arranged trading plan and do not reflect Dimon's views on the bank's future prospects.

Jamie Dimon, the CEO of JPMorgan Chase, has announced plans to sell up to 1 million shares of the bank over the next five years. This information was disclosed in a filing with the Securities and Exchange Commission (SEC). The filing stated that the sales would be part of a pre-arranged trading plan, which allows company insiders to sell a predetermined number of shares at a predetermined time. Dimon, who has been with JPMorgan Chase for over 15 years, currently holds approximately 7.8 million shares of the bank. The planned sales represent about 13% of his current holdings. The filing also noted that the sales are part of Dimon's personal financial planning and do not reflect his views on the bank's future prospects. Dimon remains committed to leading the bank and has no plans to retire. The announcement of the planned sales comes at a time when JPMorgan Chase's stock has been performing well, with shares up more than 20% over the past year.

Confidence

95%

Doubts
  • The exact timeline and price at which the shares will be sold is not specified.

Sources

85%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Jamie Dimon to sell JPMorgan shares

CNBC News Hugh Son Friday, 27 October 2023 00:00
  • Unique Points
    • Dimon’s decision to sell comes after JPMorgan’s stock has more than doubled from its pandemic-era low.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (90%)
    • The article seems to portray Dimon's decision in a positive light, suggesting that it's a smart move given the stock's recent performance.
    • Site Conflicts Of Interest (70%)
      • CNBC is owned by NBCUniversal News Group, a division of NBCUniversal, which is in turn owned by Comcast. Comcast has significant financial interests in the banking and financial sector, which could potentially influence their coverage of financial news.
      • Author Conflicts Of Interest (80%)
        • The author of the article, Hugh Son, has previously worked for Bloomberg, a company with significant financial interests in the banking and financial sector. This could potentially influence his coverage of financial news.

        83%

        The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
        (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

        A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

        JPMorgan CEO Dimon, family to sell 1M shares of bank

        The Wall Street Journal David Benoit Friday, 27 October 2023 00:00
        • Unique Points
          • The sale is part of a broader plan by Mr. Dimon to diversify his investments.
        • Accuracy
          No Contradictions at Time Of Publication
        • Deception (100%)
          None Found At Time Of Publication
        • Fallacies (100%)
          None Found At Time Of Publication
        • Bias (85%)
          • The article seems to imply that Dimon's decision to sell is a strategic move, which could be seen as a bias in favor of Dimon.
          • Site Conflicts Of Interest (70%)
            • The Wall Street Journal is owned by News Corp, a company with significant financial interests in the banking and financial sector. This could potentially influence their coverage of financial news.
            • Author Conflicts Of Interest (80%)
              • The author of the article, David Benoit, has previously worked for Bloomberg, a company with significant financial interests in the banking and financial sector. This could potentially influence his coverage of financial news.

              87%

              The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
              (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

              A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

              Jamie Dimon plans to sell 1 million JPMorgan shares

              Yahoo Finance Julia La Friday, 27 October 2023 00:00
              • Unique Points
                • Dimon has not sold any shares since 2016, according to regulatory filings.
              • Accuracy
                No Contradictions at Time Of Publication
              • Deception (100%)
                None Found At Time Of Publication
              • Fallacies (100%)
                None Found At Time Of Publication
              • Bias (95%)
                None Found At Time Of Publication
              • Site Conflicts Of Interest (70%)
                • Yahoo Finance is owned by Yahoo, which is in turn owned by Verizon Communications. Verizon has significant financial interests in the banking and financial sector, which could potentially influence their coverage of financial news.
                • Author Conflicts Of Interest (80%)
                  • The author of the article, Brian Cheung, has previously worked for Bloomberg, a company with significant financial interests in the banking and financial sector. This could potentially influence his coverage of financial news.