JPMorgan Chase CEO Jamie Dimon and Bank of America CEO Brian Moynihan have been making headlines with their recent massive sell-off of personal equity in their respective companies. According to the financial data miner SecForm4.Com, the two banking executives have sold off a combined $32.18 million in stocks this month alone.
Starting with Dimon, the CEO of JPMorgan Chase, he recently sold 133,639 shares of the bank on April 14th, totaling approximately $31.50 million. This comes after a previous sale in February where Dimon disposed of 866,361 shares worth around $233.78 million. Overall, Dimon has sold JPMorgan Chase stock worth $448.26 million since initiating his first-ever sale in February of 2024.
On the other hand, Moynihan, the CEO of Bank of America, sold $679,717 in Bank of America shares on April 17th. This adds to his previous sales of shares in March, February, and January, totaling to approximately $2.68 million. Moynihan has been consistently selling Bank of America stock every month since July of 2022.
Combined, Dimon and Moynihan have sold shares in their respective companies worth approximately $268.63 million since the beginning of the year. While Moynihan has been regularly disposing of Bank of America stock, Dimon’s recent sell-off marked a significant shift in his investment strategy.
Both Dimon and Moynihan have been at the helm of their respective banks for over a decade, with Dimon taking over as JPMorgan Chase CEO in December of 2005, and Moynihan becoming Bank of America CEO in January of 2010.
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