Wall Street’s Oracle Just Dumped $31.5 Million Right After Record Earnings, Why? (It's Not Buffet)

Sooo, it appears that Jamie Dimon just dumped $31.5 million worth of JPMorgan shares like he saw something on the horizon and decided to cash in before the rest of us even smelled the smoke. In a new regulatory filing released today, Dimon offloaded 133,639 shares on Monday—right after JPMorgan’s earnings made Wall Street it’s b**ch, fueled by record equities trading and a surge in debt underwriting fees. The stock has risen 9.60% over the past five days…. So yeah, perfect timing on that one. 

Wall Street’s Oracle

(Source: Giphy) 

Now of course, $31.5 million definitely sounds like a lot, but the man is sitting on nearly 6.5 million JPM shares, worth $1.5 billion. Bigly. But still, let’s not forget that Dimon’s trades aren’t just trades, they’re friggin’ market signals. The guy’s track record is ridiculous. Back in 2016, he bought $25 million in JPM stock at the bottom of a market panic, basically calling the bounce like he had a Grays Almanac. Naturally, that one move alone made him the Fed whisperer of insider trading—not the illegal kind, just the kind that makes everyone else feel like an NPC LOL.

Wall Street’s Oracle

(Source: Reuters) 

But alas, when Dimon sells, people notice. Especially when he’s also out here telling CNBC he’s “reluctant to buy back stock at these prices.” Translation: the man doesn’t think JPM is cheap right now. And if the guy running the bank thinks the stock’s a bit frothy, maybe check your weight on the stock if it's in your portfolio. Now with that said, in this instance, Dimon’s trade was part of a 10b5-1 trading plan disclosed in February, scheduled to run through August 2025. That means the trades are pre-set and supposedly not tied to any “inside info”. But honestly, when you’re running the largest bank in America, “inside info” is so baked in your DNA, even 10b5-1 plans feel like he has an edge.

Especially now. Because while JPM crushed Q1 earnings, Dimon’s been sounding the alarm on literally everything else. He’s still warning the masses of rising inflation, spiraling deficits, and trade wars that have been dragging the U.S. into recession territory. Not to mention he’s recently been on Fox Business to let Donnie Politics know tariffs are a bad idea. 

Wall Street’s Oracle

(Source: Giphy) 

So then, what’s the play here? Well, it could be that Dimon is doing a few things at once: For one, he could be locking in some gains after a killer earnings run, while also signaling that yeah, shares are a little overheated right now. On the other hand, he could be quietly reminding us that his succession planning is in full swing. The dude’s 69 (noice). So it’s clear we’re getting closer to “who’s next?” territory. Now obviously, that last one might be a stretch, but that’s a possibility. 

In the end, regardless if this is a “scheduled” sale or not, when Jamie Dimon cashes in his chips, you don’t ignore it. You read between the lines, check your exposure, and maybe ease up on “BTFD”. Because if the guy who literally avoided the financial havoc in 2008 thinks it’s time to take some chips off the table, you might wanna at least stop and ask why. Meaning, keep your eyes on JPMorgan and place your bets accordingly. Until next time, friends…

Wall Street’s Oracle

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Stocks.News does not hold positions in companies mentioned in the article.