Jamie Dimon's "hit by the bus" heir, Daniel Pinto, is retiring. The incoming chief operating officer, Jennifer Piepszak, doesn't want the CEO role.

Piepszak has signaled that she doesn’t want to take the top job at the bank, people close to her said

The 8.3% boost in compensation – after JPMorgan reported record profit – puts Dimon’s pay on par with that of Goldman Sachs CEO David Solomon.

Dimon was benchmarked not only on the performance of the Wall Street giant, but the board's options for his successor.

This comes after JPMorgan reported a record 2024 financial result, with its net income rising 18% to $59 billion from the previous year's almost $50 billion

JPMorgan Chase raised its chief executive James Dimon's pay by 8.3% to $39 million in 2024, according to a regulatory filing by the US financial institution on Thursday. This is up from the $36 million Dimon earned in 2023.