Wells Fargo CEO makes $19.3m

Wells Fargo Logo

Wells Fargo left Chief Executive Officer John Stumpf’s compensation for 2015 unchanged at $19.3m.

Bloomberg News reports that Stumpf, 62, received $2.8m in salary, a $4m bonus and $12.5m in long-term equity incentive awards, the bank said Wednesday in a filing with the U.S. Securities and Exchange Commission. That’s the same total he received for each of the three prior years.

Wells Fargo reported profit of $22.9bn last year, down 0.9% from 2014, according to the filing. The bank’s shares returned 1.9% in the period, including reinvested dividends, compared with a 0.5% total return for the 24-company KBW Bank Index. Wells Fargo is the biggest home lender in the U.S. and ranks third by assets.

Bank of America awarded CEO Brian T. Moynihan $16m for his work last year, a 23% increase from a year earlier. JPMorgan’s Jamie Dimon got a 35% boost to $27m and Citigroup raised Mike Corbat’s compensation 27% to $16.5m.

To access the complete Bloomberg News article hit the link below:

Wells Fargo Leaves Stumpf’s Pay Unchanged at $19.3 Million

Deutsche Bank Shares Fall After CEO Forecasts Unprofitable Year

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts