Dimon's Bold JPMorgan Bet Makes Him $2.2 Million Richer in a Day
- Bank's shares climbed 8.3% Friday, most since November 2011
- CEO Dimon owns 6.75 million shares in bank he's run since 2005
Jamie Dimon.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Jamie Dimon only had to wait a day for his big bet on JPMorgan Chase & Co. to pay off.
The bank’s shares jumped 8.3 percent in New York trading Friday -- the most since November 2011 -- after the chief executive officer spent $26.6 million for 500,000 shares. Dimon’s paper gain was about $2.2 million after the price surged to $57.49. He paid from $53.13 to $53.30 apiece on Thursday.