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JPMorgan Chase chief risk officer Ashley Bacon sells $1.81 million in stock

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Ashley Bacon, the Chief Risk Officer at JPMorgan Chase & Co., sold shares worth approximately $1.81 million on May 15, 2023. This transaction involved selling 16,766 shares at an average price of $108.09 each. This sale was part of a series of insider transactions at the bank, which also included sales by other top executives like CEO Jamie Dimon and General Counsel Stacey Friedman. Despite these sales, JPMorgan Chase has shown robust financial health with a year-to-date stock increase of 12.6%, outperforming the S&P 500's 10.3% rise. The bank's strong performance is attributed to its diversified business model, which has helped it navigate through economic challenges effectively.

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