JPMorgan CEO Jamie Dimon Plans to Sell One Million Shares

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 27 October 2023

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Oct. 27. JPMorgan Chase CEO Jamie Dimon plans to sell part of his stake in the nation’s largest bank, for the first time. Banking reporter David Benoit has more. And Sam Bankman-Fried testifies before a jury in his fraud case. Cryptocurrency reporter Caitlin Ostroff has the highlights. Plus, Israel widens its ground operations in Gaza, in its most significant maneuver yet, ahead of an invasion intended to end Hamas rule. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Get a better grip on the markets.
0:02.7	WSJ's Take on the Week is here to give you a look ahead to the most important events
0:07.8	on the economic and business calendar and what they mean for your money and investments.
0:13.1	Subscribe wherever you listen to podcasts.
0:30.0	Largest bank.
0:31.0	Lots of investors are very attuned and keen into when is Jamie going to leave and any
0:36.7	signal that he's starting to think about that if he's starting to get the ball rolling,
0:41.0	it's going to freak some people out.
0:43.3	And Sam Bankman freed testifies before the jury after a judge limits what he can say.
0:48.4	Plus, inflation trends keep the federal reserve on track to hold rate steady.
0:53.2	It's Friday, October 27th.
0:54.9	I'm Ann Marie Fertoli for the Wall Street Journal.
0:57.4	This is the PM edition of What's News, the top headlines and business stories that
1:01.4	moved the world today.
1:10.8	Jamie Dimon, CEO of JP Morgan Chase, plans for the first time to sell a portion of his
1:15.5	stock in the nation's biggest bank.
1:17.4	In a filing today, JP Morgan said Dimon intends to sell 1 million of his current 8.6 million
1:22.5	shares, quote, for financial diversification and tax planning purposes.
1:27.2	That sale would be worth more than $140 million at Thursday's closing price.
1:31.9	Dimon's stake is worth about $1.2 billion.
1:34.9	So what should we make of this here to explain is Wall Street Journal banking reporter David
1:39.0	Benoit.
	...

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