Big-Bank Executives Have Sold $100 Million in Shares Since Election

[mahatmakanejeeves]

Last edited Tue Jan 24, 2017, 02:54 PM - Edit history (1)

Pay no attention to those people running for the exits.

The title of the article on the front page, below the fold, of The Wall Street Journal. this morning is "Bankers Cash In on Post-Election Stock Rally."

Ahhhh, it's pay-per-view.

Big-Bank Executives Have Sold $100 Million in Shares Since Election

The sales, coming as financial stocks soared, are more than in that same period in any year over the past decade

By Liz Hoffman and Tom McGinty

[email protected]
@lizrhoffman

[email protected]

Updated Jan. 24, 2017 8:53 a.m. ET

Executives at some of the biggest Wall Street banks have sold nearly $100 million worth of stock since the presidential election, more than in that same period in any year over the past decade, according to a Wall Street Journal review of securities filings.

The share sales occurred as financial stocks soared since Nov. 9 on expectations of lighter regulation, lower taxes and pro-growth economic policies. The KBW Nasdaq Bank index...

[bitterross]

1. This does not bode well for the rest of us.

Call me captain obvious.