JPMorgan gives Dimon another sweet payday

JPMorgan Chase lifted CEO Jamie Dimon’s pay to $43 million for 2025 in his 20th year atop the firm.

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The board awarded Dimon a $1.5 million base salary and $41.5 million of performance-based incentive compensation, according to a filing Thursday. The total amounts to a 10.3% increase from 2024, when Dimon earned $39 million.

“As part of their evaluation and determination, the board considered Mr. Dimon’s continued development of top executives to lead for today and the future, his continued commitment to shareholders and his longstanding exemplary leadership of a premier financial services firm,” the filing said.

Dimon runs the biggest U.S. bank, which notched its eighth consecutive year of record revenue, and is also one of the longest tenured CEOs on Wall Street. Last year, the bank opened a new tower on Park Avenue for its headquarters.

The bank has been benefiting from heightened volatility in markets, fueling trading activity among its clients, as well as an uptick in dealmaking. Last year, JPMorgan earned $57 billion in net income, just short of its record in 2024.

On the same day the board announced Dimon’s pay raise, President Donald Trump took aim at the bank. Trump sued JPMorgan and Dimon for at least $5 billion over allegations that the lender stopped offering him and his businesses banking services for political reasons.