Goldman, JPMorgan and Morgan Stanley have all posted their Q3 results. Here's how they stacked up on the compensation front.
The $10.4bn in compensation expense is enough to pay each of the firm’s 32,600 employees $319,755 for the nine-month period.
Goldman set aside $11 billion in the same period of 2012, equal to an average $336,442 for each of the 32,600 people employed by Goldman Sachs at the time.
JPMorgan Chase’s corporate and investment bank allocated 4.4% less for employee compensation in the first nine months of the year as the division’s revenue climbed 5.7%.
The unit’s $8.69bn in compensation fell to 31% of revenue, excluding accounting adjustments, from 34% in the same period of 2012.
The amount equals $165,774 for each of the division’s employees.
The bank’s total compensation cost was enough to pay each of the firm’s 56,101 employees $219,051 on average for the nine months, more than the $207,688 it set aside for each of the 57,726 employees a year earlier.