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.
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