Last year was a roller coaster ride, but a market rebound has pushed mega banks’ stock growth nearly 30% and record compensation and bonuses are likely to follow.
Leading the charge is JPMorgan Chase CEO and chairman Jamie Dimon, one of the last sitting Wall Street leaders to have navigated the 2008 financial crisis, the subsequent passage of the Dodd-Frank reform act, and now the AI boom. Dimon has spent the past 20 years atop JPMorgan and is know for rarely cashing in his stock. With that bent, he amassed an ownership stake in JPMorgan of nearly 8.5 million shares, and only began shaving off his holdings in a small handful of pre-planned sales in 2024, beginning with a sale valued at $150 million.
