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Goldman boosts CEO pay to $39M
Goldman CEO Gets Big Pay Boost, and $80 Million Bonus for Another Five Years at Helm
NEW YORK (Reuters) - Goldman Sachs raised CEO David Solomon's compensation 26% to $39 million for last year, according to a filing, and its board lined up an $80 million stock retention bonus that signals he will stay at the helm for another 5 years.
Goldman boosts CEO pay by 26% to $39 million, lines up five more years at helm
NEW YORK (Reuters) -Goldman Sachs raised CEO David Solomon's compensation by 26% to $39 million for last year, according to a filing, and its board lined up an $80 million stock retention bonus that signals he will stay at the helm for another five years.
Goldman Sachs CEO gets big pay boost, and $80 million bonus for another five years at helm
Goldman's president and chief operating officer was also awarded a retention bonus of $80 million in restricted stock, the bank said on Friday.
Bank of America Awards Employees Stock
Bank of America sees 116% earnings gain, but stock drops 2%
Bank of America stock, for example, was down 2% after reporting a 116% spike in earnings. M&T Bank, US Bancorp, and PNC Financial were all down about the same, or more. Only Morgan Stanley stock was rising Thursday, but it is primarily an investment bank and asset manager, and less a consumer bank.
Bank of America Awards Employees Stock After Strong 2024 Performance
Bank of America is set to award stock to most of its global employees for the eighth time since 2017, following a robust performance by the second-largest U.S. lender in 2024, according to an internal memo seen by Reuters on Friday.
Buy Rating on Bank of America Driven by Strong Financial Performance and Positive Outlook
Richard Ramsden, an analyst from Goldman Sachs, maintained the Buy rating on Bank of America (BAC – Research Report). The associated price
2d
on MSN
Bank of America and Morgan Stanley cement a Wall Street revival
Fourth-quarter 2024 profits at Bank of America (BAC) and Morgan Stanley (MS) more than doubled, cementing a Wall Street ...
3d
on MSN
Bank of America Joins Rivals in Topping Q4 Estimates
Bank of America shares rose in premarket trading Thursday as the bank's fourth-quarter results beat analysts' estimates.
3d
Bank of America, Morgan Stanley to Report Earnings After Rivals Set High Bar
Bank of America and Morgan Stanley are next up in a series of bank earnings reports due out this week. The firms report ...
3d
Goldman Sachs profit hits over 3-year high as investment banking, trading fuel bumper quarter
Goldman Sachs posted its best profit since the third quarter of 2021, driven by bankers who brought in more fees from ...
3d
on MSN
Bank of America tops estimates on better-than-expected investment banking, interest income
Investors will be keen to hear about the company's target for 2025, especially as expectations for rate cuts have been reined ...
1d
on MSN
The Score: Goldman Sachs, Nvidia, UnitedHealth and More Stocks That Defined the Week
Here are some of the major companies whose stocks moved on the week’s news.
3d
on MSN
Wall Street banks JP Morgan, Goldman Sachs post fat profits amid Trump ‘bump’
JPMorgan notched a record profit of $58.5 billion, up from $49.6 billion in 2023, America’s biggest bank reported on ...
3d
Bank earnings: JPMorgan, Wells Fargo, Goldman Sachs post beats, and Citi swings to a profit
JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.
39m
Stocks Await More Earnings After Strong Start And Better Inflation
Better bank earnings and inflation readings sent bond and stock prices higher. Earnings and politics will likely have the ...
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