Goldman, JPMorgan Beat, But Dimon's Pay Halved
The board of JPMorgan Chase sliced in half the pay of CEO Jamie Dimon over the last year's trading debacle that lost the bank at least $6.2 billion. Despite those hefty trading losses, the nation's largest bank by assets blew past analyst expectations for fourth-quarter earnings, though revenue was light. JPMorgan (JPM) cited ongoing improvements in the housing market, as well as strong commercial banking and asset management businesses.
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