• The total remuneration of Jamie Dimon for 2022 at JPMorgan Chase & Co remained at $34.5 million.
• The largest banks on Wall Street experienced a decline in earnings in 2022.
• As they braced for a potential recession, they increased their reserves of rainy-day cash.

The total remuneration of Jamie Dimon for 2022 at JPMorgan Chase & Co (JPM.N) remained at $34.5 million, the firm announced on Thursday.

According to a regulatory filing, Dimon will receive a $1.5 million base salary each year in addition to $33 million in performance-based incentives.

“There was no special award granted to Mr. Dimon in 2022 and the Board has committed to not grant any special awards to him in the future,” the filing added.

As the bank handled “significant challenges of strong competition, growing geopolitical tensions, global economic uncertainty, mounting inflation and higher rates, and the lingering impacts of Covid-19.”

The largest banks on Wall Street experienced a decline in earnings in 2022, and as they braced for a potential recession, they increased their reserves of rainy-day cash and reduced employment.

The largest banks on Wall Street experienced a decline in earnings in 2022, and as they braced for a potential recession, they increased their reserves of rainy-day cash and reduced employment.

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