But the report admits that at the beginning of this year, when bank stocks were getting clobbered, insiders were heavy buyers, and with impeccable timing: Jamie Dimon bought $26 million of JP Morgan shares on February 11. Since then, JPM has jumped 60%. So now, for them, seeing what they see from their perch, itβs once again time to unload, and do so at record pace β perhaps with impeccable timing once again.
Same old scam. With rates going up for mortgages, you'd be a fool not to sell at this point.