Bloomberg reports that Stumpf, 60, received $2.8m in salary for his work last year, plus a $4m bonus and $12.5m in long-term equity incentive awards, the bank said today in a filing with the U.S. Securities and Exchange Commission.
Wells Fargo shares rose 33% last year. While that trailed the 35% advance for the KBW Bank Index, Wells Fargo is the most valuable bank based on stock-market valuation. Profit was $21.9bn in 2013, the first time Stumpf’s bank earned more than JPMorgan, the biggest by assets in the U.S., which posted income of $17.9bn.
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