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Recent Insider Trading and a New Era of JPMorgan
Rachel Kloepfer
April 08, 2024
Last week saw first-time congressional trades from Rep. Suozzi with Nvidia (NVDA), thousands of new insider shares traded, and a restructuring of JP Morgan (JPM).
Here’s a rundown of what we’ve seen in the data recently.
LAST WEEK’S CONGRESSIONAL TRADES
Insights from our Congress Trading Dashboard
Representative Thomas Suozzi filed a sale of Nvidia (NVDA). He sits on the Committee on Ways and Means. This is his first filed trade after being elected to replace George Santos.
Representative Katherine Clark filed two sales of New York Community Bank (NYCB), which have dropped 13.19% since. Clark sits on the Committee on Appropriations.
To see more details about their trades, and how they’ve performed since, check out our Congress Trading Dashboard.
INSIDER TRADING DASHBOARD HIGHLIGHTS
Insights from our Insider Trading Dashboard.
Corporate insiders are required to disclose purchases or sales of their own stock within two business days of when they occur. Using these disclosures, we collect data on insider trading activity, which can give hints on whether executives are bullish or bearish on their own company.
You can see the largest recent moves by insiders - both purchases and sales.
Recent Highlights:
Check out the dashboard for a full breakdown.
STOCK SCREENER TEASER
Insights from our Stock Screener
Our stock screener allows you to see relevant data on a stock of your choice through performance, social, government, and insider lenses.
The stock screener includes a condensed list of a stock’s congressional trading volume, insider trading, employee growth/loss, assets, liabilities, and more.
For example, screening Exxon (XOM) as shown in the list above, we can see that it is currently up 16.59% in the last month, has 61.5K employees, and has $344.58 B in revenue.
You can try out features like this for yourself with Quiver Premium.
JPMORGAN REVAMPS LEADERSHIP: NEW ERA IN BANKING AND CAPITAL MARKETS
Insights from the Quiver News Feed
JPMorgan (JPM), a titan in the financial world, has announced a significant reshuffle in its global banking division, aligning its leadership to better serve the evolving needs of its diverse clientele. In a strategic move, the bank has merged its commercial, corporate, and investment banking groups under the stewardship of Filippo Gori and Doug Petno, who assumed leadership of this broader unit in February. This restructuring aims to enhance the synergy across teams, as emphasized in a memo detailing the changes. In a notable appointment, Kevin Foley takes the helm as the global head of capital markets, overseeing both debt and equity capital markets (ECM), while Achintya Mangla, the former global head of ECM, is set to depart the bank.
In addition to the capital markets leadership, JPMorgan has also redefined its investment banking coverage. Dorothee Blessing and Jay Horine have been appointed as global co-heads of investment banking coverage, a role that will see them navigating complex market landscapes and client relationships. Furthermore, Anu Aiyengar, previously leading mergers and acquisitions, will take on an expanded role as head of advisory, a position that underscores her significant contributions to the bank and the growing importance of advisory services in JPMorgan's portfolio.
Continued on our News Feed.