Jamie Dimon CEO of JPMorgan Chase Planning To Retire?

Jamie Dimon's recent decision to sell 1 million JPMorgan Chase shares, where he has served as CEO since 2006, may be an indication that the 67-year-old is getting closer to retirement.

According to Wells Fargo analyst Mike Mayo, Dimon will leave his current position in about three and a half years.

[{"selector":"#anim-89879cf3-0083-4016-b64d-5bfdce6c7ddb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-60.71428527166896%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-272f7324-4d57-48c7-984a-d5775afb96d9","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}]

If Dimon stays with the bank until 2026, he will receive a generous, board-approved bonus of 1.5 million options, but only if the stock price returns to $149.

[{"selector":"#anim-3760b781-4231-44f3-8846-618f6106c19f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-35.78431356269326%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-8e80ccc6-f0db-4f5c-8581-061c5f638321","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}]

Dimon is said to have never sold JPMorgan stock before. CEOs selling stock before retiring is nothing new.

[{"selector":"#anim-3698fb17-60ed-44c9-914e-078c7f5456c1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.46691167045171%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-89a5ed55-a56c-4a0f-955d-0dfe08e43043","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}]

Previously, Australia's Qantas Airways Ltd. QABSY saw its departing CEO, Alan Joyce, sell A$16.9 million ($11.3 million) in shares in the airline just weeks before stepping down.

[{"selector":"#anim-6bb1001f-0c6c-46c7-9f63-7e06b43a9251 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-41.33184506563998%, 0, 0) translate(8.333333333333332%, 1.5066955942287814%) scale(0.8333333333333334)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-d682fe05-4bc8-4d76-9cf3-b9673033e55f","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}]

It remains to be seen who will succeed Dimon. Since undergoing emergency heart surgery in early 2020.

[{"selector":"#anim-4a8cd82b-c635-4c6e-ba63-8005a816578a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.74033892525052%, 0, 0) translate(10.9375%, 9.106445767314046%) scale(0.78125)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-910f608c-ff8d-4c4e-bfd8-0519cb6d2f50","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}]

The list of potential candidates has grown longer. Marianne Lake, Jennifer Piepszak, Daniel Pinto, Takis Georgakopoulos, Troy Rohrbaugh, and Marc Badrichani are among those on the board.

[{"selector":"#anim-5fc39529-0d69-46e1-bc83-5cb510536503 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.812499744007886%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-04bab82a-5a31-417e-b671-2a6e4053c63d","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}]

Dimon said at a global summit in Shanghai "I love my country, and perhaps one day I'll serve it in some capacity".

[{"selector":"#anim-4abb5c71-9824-496f-aafb-0fe32c62f5fe [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-45.9067708685893%, 0, 0) translate(13.661202185792353%, 13.661201986043823%) scale(0.7267759562841529)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-9702184f-abff-43e6-a847-713252d807e3","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}]

Join Telegram Channel

[{"selector":"#anim-fc4fe4a9-7529-4c14-9994-f5dc6460e8ed [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-16605c02-3181-4e8f-a1d6-018d2b0407fc","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] Join Telegram