U.S. banking giant makes monster insider trade

Group 1 - Linda Bammann, chair of the Directors' Risk Policy Committee at JPMorgan, sold over $2 million of the company's common stock, executing a transaction of 9,500 shares at $250 each, totaling $2,375,000 [1][2] - The day before, Bammann disposed of an additional 500 shares classified under code "G", indicating no cash exchanged hands for that portion [2] - CEO Jamie Dimon also sold 133,639 shares at $231.34 each, netting approximately $31.5 million as part of a pre-arranged trading plan, intending to sell 1 million shares by August 1 [3] Group 2 - The sales by Bammann and Dimon coincide with Dimon's cautious economic outlook, warning that trade tariffs could tip the U.S. economy into a recession [3][6] - Despite the insider selling, JPM shares have gained over 16% in the past month, driven by a strong first-quarter earnings report [6] - In Q1, JPMorgan reported $14.6 billion in net income and earnings of $5.07 per share, with revenue rising 8% year-over-year to $46 billion, boosted by asset management and investment banking fees [7]