NEW YORK (Reuters) - Goldman Sachs raised CEO David Solomon's compensation 26% to $39 million for last year, according to a filing, and its board lined up an $80 million stock retention bonus that signals he will stay at the helm for another 5 years.
Wall Street expects JPMorgan Chase & Co. JPM to report quarterly earnings at $4.04 per share on revenue of $41.56 billion before the opening bell, according to data from Benzinga Pro. JPMorgan shares fell 0.1% to $247.22 in after-hours trading.
The bank – the largest in the US with more than 300,000 employees worldwide – is expected to announce the change in the next few weeks, according to a report.
Analysis of JPMorgan Chase and Goldman Sachs Q4 2024 earnings forecasts, including key metrics, analyst expectations and trading implications.
Companies in the Financial sector have received a lot of coverage today as analysts weigh in on JPMorgan Chase & Co. (JPM – Research
JPMorgan CEO Jamie Dimon addressed his retirement timeline, Goldman chief David Solomon talked Apple, and bankers overall appeared to exude “animal spirits.”
JPMorgan Chase reported fourth-quarter results Wednesday that came in above analysts' expectations as investment banking fees rose.
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JPMorgan Chase stands head-and-shoulders above the rest of this group of largest U.S. banks by ROAA, while Morgan Stanley runs a pretty close second when its performance is measured by ROTCE. And with such a large balance sheet, it is not a stretch to call JPM the best performer in the U.S. banking industry.
Goldman's president and chief operating officer was also awarded a retention bonus of $80 million in restricted stock, the bank said on Friday.
Goldman Sachs CEO David Solomon was awarded an $80 million stock bonus to stay at the helm for another five years, a stark turnaround for a leader whose survival was questioned after the firm’s ill-fated foray into consumer banking.