J.P. Morgan CEO Jamie Dimon Just Spent a Year’s Pay on JPMorgan Stock After Bank Rout
Dimon, 59, bought 500,000 shares, bringing his total holding to 6.75 million shares, according to a regulatory filing. He made the purchase because he believes the stock is cheap after a global rout in equities, according to a person with knowledge of his thinking. JPMorgan, the largest U.S. lender by assets, fell 20 percent this year through the end of regular trading in New York.
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