JPMorgan Chase COO Jennifer Piepszak sells shares worth $1.15 million

Published 21/02/2025, 00:48
© Reuters

In a recent transaction, Jennifer Piepszak, the Chief Operating Officer of JPMorgan Chase & Co. (NYSE:JPM), sold 4,273 shares of the company’s common stock. The shares were sold at a price of $269.85 per share, amounting to a total of approximately $1.15 million.

Following this transaction, Piepszak holds 54,469 shares in the company. The sale was executed on February 20, 2025, and was reported in a filing with the Securities and Exchange Commission. With a market capitalization of approximately $747 billion and a P/E ratio of 13.5x, JPM remains a dominant player in the banking sector. InvestingPro subscribers have access to 13 additional key insights about JPM’s valuation and growth prospects through the comprehensive Pro Research Report.

In other recent news, JPMorgan Chase & Co. has announced the issuance of 300,000 shares of its 6.500% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series OO. This issuance involves depositary receipts representing 3,000,000 depositary shares, each representing a one-tenth interest in a share of the preferred stock. The offering is tied to restrictions on dividend payments and other distributions if the company fails to declare dividends on the Series OO Preferred Stock. Additionally, JPMorgan Chase & Co. has initiated a series of job cuts, impacting employees in its Houston offices, as part of a broader plan to reduce its workforce through 2025. The bank has scheduled further layoffs throughout the year, with notifications already sent to affected employees. In another development, the Federal Reserve has ended climate stress tests for major U.S. banks, including JPMorgan Chase & Co., meaning these banks will not need to submit data for the Climate Scenario Analysis Exercise this year. Meanwhile, a recent survey by JPMorgan revealed that 71% of institutional traders do not plan to engage in cryptocurrency trading this year, though there is a slight increase in those who plan to trade crypto compared to last year. Lastly, senior dealmaker Daniele Apa from JPMorgan’s natural resources team has retired after a notable career with the firm.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.