Jamie Dimon just dropped $26 million on JPMorgan shares
Advertisement
Advertisement
AP Images
The share purchase cost around $26 million, according to the person. The news was first reported by Dow Jones.
Bank stocks have taken a hammering of late, with JPMorgan falling around 20% since the turn of the year.
The purchase is likely intended as a sign of confidence in the bank.
JPMorgan's share price jumped 2% in after-hours trading following the report, up to around $54.00.
Advertisement
That works out to a 35% raise from his $20 million compensation for 2014.
Advertisement
- India is an oasis of growth amid a slower global economic landscape, witnessing a once-in-a-generation growth: G20 Sherpa Amitabh Kant
- Mutual fund stake in NSE-listed cos at all time high; FPIs at 11-yr low
- Gold prices today: Yellow metal climbs Rs 230 while silver jumps Rs 700
- Indegene IPO: Company details to risk factors, all you need to know
- Indegene IPO subscribed 1.67 times on Day 1 of offer
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market