JPMorgan CEO Jamie Dimon reportedly reaped a $770 million windfall last year as America’s top bankers cheered rising stock prices, a resurgence in M&A activity and the Trump administration’s moves to cut red tape.
The 69-year-old Wall Street veteran’s compensation was made up of his base salary, bonuses, stock options and dividends — getting a healthy boost from the sharp 34% rise in the bank’s stock price over the past year, the New York Times reported, citing company disclosures.
The newspaper did not state how it calculated the eye-watering figure.
If confirmed, the supposed massive haul would put the long-serving JPMorgan boss’s net worth close to that of New York’s hedge fund titans and Silicon Valley’s tech founders.
In 2024, Dimon picked up as much as $39 million, an increase of just over 8% from the year before, compensation that included a $1.5 million base salary, a $5 million cash bonus, and $32.5 million in performance-based stock awards.
Citi’s chief executive Jane Fraser and Goldman Sachs CEO David Solomon earned as much as $100 million in 2025, the Times reported, citing regulatory filings. Last year, Citi and Goldman’s stocks rose over 65% and 53%, respectively.
Reps for JPMorgan, Goldman Sachs, and Citi declined to comment.
JPMorgan typically releases info on its chief executive’s pay package at the start of the year, when it reports its full-year financial results. The Wall Street megabank is set to publish its numbers for 2025 on Jan. 13.
Dimon has been a vocal critic of rules aimed at keeping banks resistant to financial storms by forcing them to hold more capital on their balance sheets. The proposal, known as Basel III, would see major lenders raise that emergency buffer by 9%.
The Trump administration has slammed the brakes on tougher capital rules that would have required banks to hold larger buffers of cash-like assets to guard against losses, while indicating a lighter touch approach to antitrust matters.
US regulators have also backed away from international efforts to finalize those standards, a move that allows banks to deploy more capital into lending, trading and deal-making.
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