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Which big-bank CEOs got hefty pay raises in 2023?

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In 2021, the chief executive officers at large and regional U.S. banks got a median pay raise of 21.5%. The following year, bank CEO pay climbed by 7%.

It’s still too early to say what the industrywide trend was last year, when banks navigated a 10-week-long crisis. Many lenders, including Citigroup and Goldman Sachs, have yet to file the relevant disclosures on executive compensation.

But in recent weeks, five large U.S. banks have said how much money their CEOs were paid last year. Their disclosures shed early light on how the compensation committees of bank boards made pay decisions at the end of a tumultuous year.

What follows is a look at how much the CEOs of JPMorgan Chase , Bank of America , Wells Fargo , Morgan Stanley and Capital One Financial were paid in 2023, based on the banks’ own reporting and an analysis by the consulting firm Compensation Advisory Partners.

The CEOs who got the biggest raises are listed first.

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Kevin Wack

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