JPMorgan managers earn solid options

CEO of JPMorgan Chase & Co. Jamie Dayman won 2.29 million dollars before tax, after having exercised their options to purchase shares in the second largest bank in the U.S. and has sold most of the papers inform CNNMoney.com. Submitted to regulatory authorities documents showing that on July 17 Dayman has exercised 660 000 options to purchase shares at a price of 29.96 dollars in cash totaling 19.77 million dollars. Then he sold 601 279 shares from a price of 36.69 dollars in cash, receiving a total of 22.06 million dollars. After these transactions Dayman and his wife controlled about 5.04 million shares of JPMorgan worth around 185.8 million dollars in the cost of closing the same day, which was 36.89 dollars. Dayman is a deal, day after New York-based JPMorgan reported 36% growth in profit for the second quarter, which was greater than expected. Several other JPMorgan also manage to have exercised their options on July 17. Among them is the head of retail banking at Bank Charles scarf, which is exercised 200 000 options and sold 180 739 shares acquired by a total profit before tax amounted to about 641 000 dollars.

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Finance