undamentalytics Newsletter

JPMorgan Chase insider trading

Every open-market purchase and sale by JPMorgan Chase's officers, directors and largest shareholders since November 4, 2021, and what the share price did next.

Insider purchase Insider sale Marker size reflects trade value. Weekly closes adjusted for splits; may be delayed.
JPMorgan Chase insider open-market trades
DateInsiderTrade SharesPriceValue 1M after 3M after 6M after

From insiders' Form 4 filings with the SEC: open-market purchases and sales only (awards, option exercises and shares withheld for tax are excluded), combined to one line per insider per day. "Plan" marks trades the filing says were made under a pre-set Rule 10b5-1 trading plan, which are scheduled in advance. Price changes run from the close on the trade date; hover a figure for the change relative to the S&P 500. Past moves don't predict future ones.

Does following JPMorgan Chase’s insiders pay?

From January 28, 2010 to January 20, 2023, 29 insiders reported 33 open-market purchases and 55 sales not made under a pre-set plan in JPMorgan Chase. Twelve months after each purchase was reported, the shares were −3.0% against the S&P 500 on average (median −5.0%), over 33 purchases with a full year of prices; 33% beat the index. After sales, the shares moved −1.4% against the index over 12 months (a negative figure means selling was the right call). Buying each purchase the day after it was reported, an equal amount each, held 12 months or until that insider reported a sale, would have turned $10,000 on July 28, 2010 into $56,302 by November 2, 2026, +11.2% a year. It held shares 79% of the time; the S&P 500 on those same days, with Treasury bills otherwise, made $59,090 (+11.6% a year), and held throughout $90,878 (+14.6%).

$0$50.0k$100k 201020122014201620182020202220242026 $90.9k$59.1k$56.3k
Copying JPMorgan Chase's insidersS&P 500, same days investedS&P 500, held throughout $10,000 copying every open-market purchase by JPMorgan Chase's insiders from July 28, 2010, before costs and taxes, marked weekly. Uninvested money earns the Treasury bill rate; the portfolio held shares 79% of the time.
JPMorgan Chase: each insider's record
InsiderRolePurchases12 months after their purchasesBeat the S&P 500Sales12 months after their salesLatest report
Bisignano Frank Co-Chief Operating Officer 1 −17.9% (1) 0% 9 +2.7% (9) April 24, 2013
Hobson Mellody L Director 10 −9.9% (10) 30% 0 — January 20, 2023
Crown James S Director 8 +2.6% (8) 38% 1 −21.0% (1) February 6, 2019
Erdoes Mary E. CEO Asset & Wealth Management 1 −15.0% (1) 0% 7 −6.9% (7) January 17, 2020
Dimon James Chairman & CEO 4 +15.0% (4) 75% 1 +40.8% (1) February 11, 2016
Maclin Samuel Todd Executive Vice President 0 — — 4 −10.0% (4) April 16, 2012
Smith Gordon Executive Vice President 0 — — 4 +1.7% (4) January 25, 2013
Cutler Stephen M General Counsel 0 — — 3 −3.4% (3) January 23, 2012
O'donovan Mark Corporate Controller 0 — — 3 −5.3% (3) August 9, 2013
Staley James E Managing Director 0 — — 3 +8.7% (3) August 15, 2012
Zames Matthew E Chief Operating Officer 0 — — 3 −3.9% (3) July 23, 2013
Burke Stephen B Director 2 +1.7% (2) 50% 0 — April 16, 2020
Cavanagh Michael J Executive Vice President 0 — — 2 −2.7% (2) July 17, 2013
Donnelly John L Director Human Resources 0 — — 2 +0.5% (2) February 15, 2013
Hogan John James Chairman of Risk 0 — — 2 −0.3% (2) July 17, 2013
Jackson Laban Director 1 −15.5% (1) 0% 1 +5.2% (1) October 22, 2015
Mandelbaum Jay Executive Vice President 0 — — 2 −6.6% (2) April 25, 2011
Miller Heidi Executive Vice President 0 — — 2 −12.4% (2) January 18, 2011
Raymond Lee R Director 1 −5.1% (1) 0% 1 +12.5% (1) November 1, 2011
Bacon Ashley Chief Risk Officer 0 — — 1 −12.7% (1) July 19, 2013
Combs Todd A. Director 1 −5.0% (1) 0% 0 — May 16, 2018
Drew Ina R Chief Investment Officer 1 −17.1% (1) 0% 0 — August 9, 2011
Flynn Timothy Patrick Director 1 −0.5% (1) 0% 0 — January 30, 2013
Giles Nicole Corporate Controller 0 — — 1 +7.6% (1) July 18, 2017
Lake Marianne Chief Financial Officer 0 — — 1 −13.2% (1) July 17, 2013
Neal Michael A Director 1 +8.6% (1) 100% 0 — January 16, 2015
Novak David C Director 1 −18.6% (1) 0% 0 — January 24, 2011
Petno Douglas B Managing Director 0 — — 1 +12.5% (1) September 12, 2012
Pinto Daniel E Managing Director 0 — — 1 +0.5% (1) October 24, 2013

Moves are the shares’ return including dividends minus the S&P 500’s, from the close on the first trading day after each report; the number of trades with a finished 12-month window is in brackets. Green means the trade went the insider’s way (a purchase ahead of the index, a sale followed by the shares trailing it). A trade reported both by a director or officer and by a fund or company they are linked to counts once here, under the person. Purchases count only where the share price actually traded was at least $5. These figures describe what the shares did, not why anyone traded. Insiders across all companies.

When several insiders traded JPMorgan Chase

Months when 2 or more insiders became net buyers, or 3 or more net sellers, of JPMorgan Chase in reports dated in the 91 days before the month end, and how the stock did against the S&P 500 from that month end. After the 5 buying crowds with six months of prices, it averaged −3.3% against the index. After 6 selling crowds, −7.6%. One company's history is too short to judge by; the test across every company is the better guide.

MonthCrowd3 months on, vs S&P 5006 months12 months
January 31, 20202 buying−17.2%−28.0%−17.6%
April 30, 20192 buying−2.5%+6.5%−14.7%
May 31, 20182 buying+0.7%+2.7%−1.0%
February 29, 20162 buying+7.9%+6.0%+40.7%
February 28, 20136 selling+4.5%−4.4%−6.0%
September 28, 20123 selling+9.7%+10.2%+13.2%
January 31, 20125 selling+10.5%−7.9%+14.3%
August 31, 20115 buying−19.6%−3.7%−16.1%
May 31, 20113 selling−2.8%−21.2%−21.3%
January 31, 20113 selling−5.2%−10.0%−18.9%
April 30, 20107 selling+1.5%−12.3%−9.0%

Colours show whether the crowd was right: green when buyers were followed by a rise above the index, or sellers by a fall below it. Total returns from the month end; past patterns are not a forecast.

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