J.P. Morgan CEO Jamie Dimon Buys 500,000 of Bank’s Shares for $26.6 USD Million (2/11/2016)

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(Bloomberg)

Highlights:
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.

Gurufocus Financial Highlights:
Operating margin (%) 32.82
Net-margin (%) 26.13
ROE (%) 9.32
ROA (%) 0.99

P/E(ttm) 9.16
P/B 0.88
EV-to-EBITDA 5.08

References
http://www.bloomberg.com/…/dimon-just-spent-a-year-s-pay-on…

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