We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
JP Morgan Chase and Co | NYSE:JPM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.07 | -0.04% | 193.01 | 193.935 | 191.18 | 193.01 | 9,404,756 | 01:00:00 |
By Emily Glazer
J.P. Morgan Chase & Co. Chief Executive James Dimon will receive $28 million in total compensation for 2016, up 3.7% -- or $1 million -- from 2015, according to a Thursday securities filing.
The chairman and chief executive's pay package includes $21.5 million in performance-related restricted stock and $5 million in cash. His base salary is unchanged at $1.5 million, according to the filing. The total compensation is up from his 2015 pay package of $27 million.
This is the second year Mr. Dimon is being paid in so-called performance share units, a type of restricted stock that has requirements on how long it must be held and has the possibility of being worth nothing based on the performance of Mr. Dimon and the bank.
J.P. Morgan's board awarded Mr. Dimon total pay of $28 million in 2016 based on strong performance across businesses, risk management, customers and leadership, according to the filing.
The bank's stock gained nearly 31% in 2016, though much of the increase came from a postelection bump across the banking sector. Before the November election, J.P. Morgan's stock had risen 6%.
The board also cited the bank's 2016 record profit of $24.7 billion, its return on tangible common equity of 13% and shareholder returns including dividends and repurchases of $15 billion.
But the bank's return on equity, a broader-brush measure based on reported profit, was 10%, only in line with the bank's theoretical cost of capital. Banks have struggled to boost their ROEs over the years as interest rates remain low.
Mr. Dimon's pay is closely watched in part because J.P. Morgan is the nation's biggest bank by assets. For 2007, he garnered a record $30 million, but Mr. Dimon later took a high-profile pay cut for 2012, reflecting J.P. Morgan's approximate $6 billion trading loss from its "London whale" scandal.
Write to Emily Glazer at emily.glazer@wsj.com
(END) Dow Jones Newswires
January 19, 2017 17:54 ET (22:54 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
1 Year JP Morgan Chase Chart |
1 Month JP Morgan Chase Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions