Goldman, JPMorgan Beat, But Dimon's Pay Halved
Posted on January 16, 2013 at 12:46 PM EST
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.