NEW YORK (AP) — JPMorgan Chase, the nation's largest bank, posted record profit for 2011. Morgan Stanley's latest quarter topped expectations as the bank trimmed costs and cleaned up mortgage-related problems. But CEOs Jamie Dimon and James Gorman aren't taking home bigger bonuses.
Banks are curbing bonus pay for last year, as stock prices slumped, mortgage-related costs still mounted and the Occupy Wall Street movement went national.
On Friday, regulatory filings showed Gorman received 2011 stock awards valued at $5.1 million — half of what he got in 2010. JPMorgan's Dimon received restricted stock worth $12.6 million and stock appreciation rights reportedly valued at about $5 million. That's about even with the year before.
None of the banks have yet filed annual proxy statements, which include complete details on CEOs' pay.