John James Hogan, officer, on July 17 sold 18,934 direct shares at $55.12 a share for a total market value of $1,043,642.
Marianne Lake, chief financial officer, sold 8,940 direct shares on July 16 at $55.13 a share for a total market value of $492,891. On the same day she exercised an option for 9,160 shares at $39.96 a share for a total market value of $366,034.
Michael J. Cavanagh, officer, sold 20,000 direct shares at $54.65 a share for a total market value of $1,092,982.
Daniel E. Pinto, officer, exercised an option for 400,000 shares at $19.49 a share for a total market value of $7,796,000.
For the second quarter, JPMorgan reported net income of $6.5 billion, or $1.60 a diluted share, compared with net income of $5.0 billion, or $1.21 a share, in the same period a year earlier.
Revenue for the quarter was $26.0 billion, compared with $22.9 billion in the prior year. The global financial services firm has assets of $2.4 trillion.
Commerce Bancshares Inc.: David Woods Kemper, CEO, on July 15 exercised an option for 119,600 shares for $36.92 a share for a total market value of $4,415,620. On July 16, Kemper sold 14,006 direct shares at $45.67 a share for a total market value of $639,623.
Commerce Bancshares is a $22.2 billion regional bank holding company with approximately 360 locations in Missouri, Illinois, Kansas, Oklahoma and Colorado.
The holding company is the parent of Commerce Bank, which entered the Tulsa market in 2007 when it merged with Bank South. Commerce Bank currently has two Tulsa locations.
In May, the Missouri-based bank company announced plans to acquire Summit Bancshares Inc., which has bank operations in Tulsa and Oklahoma City.
Bank of America Corp.: Brian T. Moynihan, CEO, sold 23,156 direct shares on July 15 for $13.88 a share for a total market value of $321,405.
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As a group, the seven bond mutual funds in the Kiplinger 25 fared slightly better, but still suffered an average loss of 3.1 percent.
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