Here's how much JPMorgan CEO Jamie Dimon earned in 2018

By Business LeadersFOXBusiness

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JPMorgan Chase chief executive Jamie Dimon got a 5 percent raise in 2018, receiving a compensation package worth $31 million thanks to the firm’s “strong performance.”

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The CEO received an annual base salary of $1.5 million and a “performance-based variable incentive compensation” of $29.5 million, according to a Thursday Securities and Exchange Commission filing. Dimon will receive $5 million of that in cash, and $24.5 million in the form of “performance share units.”

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“In determining Mr. Dimon's compensation, the independent members of the Board took into account the Firm's strong performance in 2018 and through the cycle, across four broad categories: Business Results; Risk, Controls & Conduct; Client/Customer/Stakeholder Focus; and Teamwork & Leadership,” the company said in the filing.

The news follows JPMorgan’s fourth-quarter earnings report, which missed Wall Street’s expectations at $1.98 per share and a profit of $7.07 billion, despite gains from higher interest rates and a bump within its loan sector.

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The nation’s biggest bank cited weakness in bond trading, largely as a result of spikes in market volatility at the end of the year.

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JPMorgan’s share price has dropped about 9 percent over the last year.

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