Jamie Dimon Antes Up $17 Million for JPMorgan (JPM) Common Stock
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Jamie Dimon's and his wife's purchase of 500,000 shares of JPMorgan (NYSE: JPM) stock is creating a lot of buzz on Wall Street today. At prices from $34.02-$34.45, the total value of the purchase was roughly $17 million.
At the same time, trusts tied to Dimon sold $13.5 million in preferred shares.
The stock purchase appears to be a vote of confidence in the bank, which is down 18 since announcing massive London Whale CIO losses in May.
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At the same time, trusts tied to Dimon sold $13.5 million in preferred shares.
The stock purchase appears to be a vote of confidence in the bank, which is down 18 since announcing massive London Whale CIO losses in May.
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