Jamie Dimon will cash in JPMorgan shares for the first time since becoming CEO nearly 2 decades ago

Jamie Dimon will do something he has never done before in nearly two decades as the head of JPMorgan Chase – sell shares in the company.

Transcript

00:00 The first time since becoming CEO nearly two decades ago, Jamie Dimon will cash in JPMorgan's shares.

00:05 Dimon became CEO of JPMorgan in 2006 and will sell 1 million shares starting next year, according to a regulatory filing this week.

00:13 Dimon and his family currently hold about 8.6 million shares of the bank.

00:17 And through his leadership, JPMorgan has become the nation's largest bank.

00:21 The value of the bank, with $3.2 trillion in assets, has tripled during Dimon's tenure.

00:26 JPMorgan now has a market capitalization of more than $409.1 billion, according to Faxet.

00:32 The value of JPMorgan's shares have also tripled since Dimon's takeover, and they are up another 10 percent in the past year.