NEW YORK–The pay packages for the CEOs of many of the nation’s largest banks for 2025 are larger than the assets of most credit unions.
A combination of salary, bonuses, dividends, stock grants and appreciation in his allotment of the bank’s shares yielded roughly $770 million in 2025 for JPMorgan’s chief executive, Jamie Dimon, according to company disclosures reported by the New York Times. The bank’s stock rose 34% last year.
For the chief executives of Citi, whose shares rose more than 65% in 2025 “after the bank slashed tens of thousands of jobs in a yearslong restructuring,” and Goldman Sachs (shares up 53%), the paydays were more than $100 million each, the Times reported.
What’s In His Wallet? $300 Million
The CEO of Capital One (shares up 36%), Richard Fairbank, made more than $300 million, including proceeds from stock he sold during the year. His compensation included a $30-million bonus after the Trump administration approved the lender’s acquisition of Discover Financial, according to the report.
“For all the executives, the totals include some amount of gains from stock that they haven’t yet sold and that they will have to remain in their jobs to fully collect,” the Times reported. “Most of Mr. Dimon’s haul, for example, came from a combination of dividends and appreciation on the company stock he owns; for Goldman’s chief, David M. Solomon, and Citi’s Jane Fraser, last year’s earnings were more evenly split between salary and bonuses, and appreciation in shares they already owned.”
Stock Bought Two Decades Back
A spokesman for JPMorgan told the Times a portion of Mr. Dimon’s gains could be traced to shares that he bought voluntarily as far back as two decades ago, as opposed to his regular awards from the bank’s board, which he leads. Representatives for Citi, Goldman and Capital One declined to comment.
The report added that it’s not yet clear what the hundreds of thousands of lower-level employees will earn in total, as banks typically give out annual bonuses in January. Johnson Associates, a pay consultancy, expects that tally to be higher than it was last year, with bumps ranging from 5% to 25%, depending on the exact role.
