Loading ...JPM took. home $32 billion in 2018
Days after JP Morgan’s Q4 earnings missed on seemingly every metric aside from compensation (which came in right at the top of the range), the bank has confirmed that CEO Jamie Dimon earned $31 million in compensation during 2018, a 5.1% increase from the prior year and his second-biggest annual haul ever.
To be sure, while JPM posted abysmal FICC trading results and other results that were “very un-JP Morgan like,” as one analyst put it, the bank notched the highest profit in US banking history in 2018, thanks to Trump’s tax reform plan, which has helped lift earnings across Wall Street (the bank took home $32.5 billion).