(Bloomberg) -- Wells Fargo left Chief Executive Officer John Stumpf's pay unchanged at $19.3 million after the firm generated a bigger profit than any other U.S. bank for a second straight year.
Stumpf got $12.5 million in long-term equity incentive awards and a $4 million bonus for 2014 on top of his $2.8 million salary, the lender said Tuesday in a regulatory filing. It had awarded him the same total for each of the preceding two years.
Wells Fargo, the fourth-biggest U.S. bank by assets and the nation's leading home lender, broke Citigroup's 13-year-old record for market value of a U.S. bank in December, according to data compiled by Bloomberg. Shares of San Francisco-based Wells Fargo rose 21% last year.
There was no raise in January for JPMorgan Chase CEO Jamie Dimon, whose pay had almost doubled to $20 million a year earlier. While Goldman Sachs Group awarded CEO Lloyd C. Blankfein a $24 million package for 2014, it hasn't said yet whether he's getting a long-term incentive that amounted to $6 million last year. Bank of America cut Brian T. Moynihan's pay 7.1% to $13 million, while Citigroup reduced Michael Corbat's by 9% to about $13.2 million.
Morgan Stanley, the smallest of the six firms, hasn't yet released complete figures for CEO James Gorman.
Dakin Campbell is a reporter with Bloomberg News.
Read more:
