JP Morgan Investment Bank Executives Sell Millions in Company Shares

On February 17 and 19, senior executives at JPMorgan Chase & Co. (NYSE: JPM)—including the co-CEOs of Corporate & Investment Banking and the CEO of Asset & Wealth Management—disclosed open-market sales of company shares. Douglas B. Petno and Mary E. Erdoes sold approximately $1.07 million and $1.76 million worth of stock, respectively, while Troy L. Rohrbaugh sold around 50,000 shares, generating about $15.36 million. In total, the transactions yielded roughly $18 million in cash (about KRW 24 billion). Despite these sales, all three executives still hold several hundred million dollars’ worth of JPM common stock, suggesting these were partly profit-taking transactions.

On February 23 in New York, JPMorgan held its “Company Update 2026” event, briefing investors on its 2025 performance and outlining its 2026 expense and capital plans. The bank also reaffirmed its intention to host its next Investor Day in the first quarter of 2027. ()

JPMorgan Chase & Co. is the largest bank in the United States by assets, operating as a global full-service financial institution across investment banking, consumer and small-business banking, commercial banking, transaction processing, and asset management. Since 2025, it has been headquartered at its new global headquarters at 270 Park Avenue in New York. Under CEO Jamie Dimon’s leadership, the bank conducts extensive operations across North America, Europe, and Asia. ()