Insider overview: Bank of America Corp.
BY THOMSON FINANCIAL REPORTS
Monday, January 28, 2013
1/28/13 at 3:13 AM
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Bruce R. Thompson, chief financial officer, on Jan. 15 sold 8,491 direct shares at $11.55 each with a total market value of $98,071.
Bank of America shares historical fell an average 0.3 percent in the six months following Thompson's previous 12 insider sell decisions, according to Thomson.
Thomas K. Montag, chief operating officer, on Jan. 15 sold 10,482 direct shares at $11.55 with a market value of $121,067.
The insider sell of BAC stock was Montag's first of 2013, but he sold company shares 15 times in 2012.
Bank of America shares have dropped an average 7.1 percent in the six months following Montag's 32 previous sell decisions.
Earlier this month, Bank of America reported $700 million, or 3 cents per diluted share, in fourth-quarter income.
The profit total was down from $2 billion reported in 2011's fourth quarter.
JP Morgan Chase & Co.: Matthew E. Zames, chief operating officer, on Jan. 17 sold 23,695 direct shares at $46.45 with a market value of $1,100,633.
This was the first insider sell for Zames, who still holds 184,210 common shares in the financial services firm.
Laban P. Jackson Jr., director, on Jan. 17 exercised options on 2,196 shares at $26.18 per share with a market value of $57,491.
Trading for JP Morgan shares closed up 77 cents at $47.14 Friday on the New York Stock Exchange.