JPMorgan CEO Dimon Sells 133,639 Shares for $31.5 Million

Shares of JPMorgan Chase fell by 0.4% following a downgrade from StockNews.com, which shifted the stock rating from hold to sell. CEO Jamie Dimon sold 133,639 shares valued at approximately $31.5 million, which is part of a trend where he has sold about 1 million shares in 2024, despite the bank reporting better-than-expected first-quarter profits. Analysts have mixed views on the stock, with some maintaining 'outperform' ratings while others have set lower price targets. Dimon's sales come amidst market uncertainty influenced by economic factors, including trade tensions and tariff changes. The bank remains in a strong financial position, but Dimon's recent actions indicate a cautious outlook. Overall, market analysts suggest that while JPMorgan has solid profitability, the stock may face short-term consolidation.