The CEOs of Morgan Stanley, JPMorgan Chase, Bank of America, Citigroup, and Goldman Sachs earned an average of $27.9 million each in 2019.
For each executive, equity awards made up more than 60% of their total reported compensation.
Financial services firms have long been the force behind Wall Street, providing wealth management, commercial and consumer banking, brokerage, advisory, trading services, and more for corporate and individual customers.
The executives at the top of these companies are paid handsomely, earning millions in total reported compensation in 2019.
The chart below shows the compensation for the five CEOs in the financial services industry with the highest reported total compensation in 2019, according to most recent proxy statements.
Morgan Stanley, JPMorgan, Goldman Sachs, Bank of America's Brian Moynihan, David Solomon
JPMorgan Chase, Bank of America, Citigroup, Visit, Wall, Bank of America's