Bankers Benefit from JPMorgan's Stellar Results; Shareholders, Not So Much

Filed under: Earnings reports, Employees, Market matters, Financial Crisis

Now here's a story that's all about high finance. JPMorgan Chase & Co. (JPM) earned $11.7 billion last year and paid out $26.9 billion in compensation, up 18% from the previous year. Employees on average earn $129,000, while investment bankers earned on average $380,000.

JPMorgan said it hopes to restore its dividend to 75 cents or $1.00 per share by the middle of 2010. This means that if you're a shareholder and you were waiting for a dividend increase, forget about it. Your dividend was used up in the $26.9 billion that went to compensation.

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Bankers Benefit from JPMorgan's Stellar Results; Shareholders, Not So Much originally appeared on BloggingStocks on Sat, 16 Jan 2010 12:40:00 EST. Please see our terms for use of feeds.

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