JPMorgan CEO Dimon to Sell $141 Million Worth of Company Stock

JPMorgan Chase CEO Jamie Dimon plans to sell 1 million of his 8.6 million shares in the bank, worth approximately $141 million, for financial diversification and tax-planning purposes. This will be the first time Dimon has sold any of his stake in the bank in almost 18 years. The sale represents less than 10% of his holdings and is not related to leadership succession. While some investors may view executive share sales as a negative sign, analysts believe that JPMorgan's strong balance sheet and Dimon's continued belief in the company's prospects mitigate concerns.