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Jamie Dimon to sell JPMorgan stock for first time

JPMorgan chief executive Jamie Dimon will sell 1mn shares in the bank next year, the first time he has reduced his stake in the group since joining nearly two decades ago.

"At current market prices, the sale would net Dimon more than $140mn, although he and his family would continue to own about 7.6mn shares. Including options, Dimon’s position in the group is worth $1.4bn."

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jpmorgan, banks