JPMorgan Chase CEO Jamie Dimon and Bank of America CEO Brian Moynihan are unloading massive amounts of personal equity in their companies.
According to the financial data miner SecForm4.Com, the most recent transactions happened this month, when Dimon and Moynihan sold off stocks worth a combined $32.18 million in the two banks they respectively run.
Starting with the JPMorgan Chase CEO, Dimon sold 133,639 shares of the largest US bank by total assets on April 14th, for a total of approximately $31.50 million.
In February, Dimon sold 866,361 JPMorgan Chase shares worth approximately $233.78 million when the stock was trading close to all-time high levels.
Meanwhile, Moynihan sold $679,717 in Bank of America shares on April 17th.
The Bank of America boss also sold shares in the second-largest US lender worth $731,563 in March, shares valued at $971,274 in February and stock worth $974,169 in January.
Combined, Dimon and Moynihan have sold shares in the two megabanks worth approximately $268.63 million since the year started.
While the Bank of America boss regularly disposes of stock in the trillion-dollar lender he leads, Dimon initiated the first-ever sale of the stock he owns in JPMorgan Chase in February of 2024. Over the past 14 months, Dimon has disposed of JPMorgan Chase stock worth $448.26 million. Dimon became JPMorgan Chase CEO in December of 2005.
Moynihan has, on the other hand, been selling Bank of America stock every month since July of 2022. He took over as Bank of America CEO in January of 2010.
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