Jamie Dimon was awarded an 8.3% pay raise following a year of record profitability at JPMorgan and amid questions about who might succeed him as CEO.

JPMorgan had sued Tesla in 2021, kicking off a drawn-out dispute that was at least in part tied to Musk’s infamous 2018 tweet where he said he had “funding secured” to take the

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

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.

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.