This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

3 Things That Could Move Financial Stocks Today

Stocks in this article: BAC C JPM GS XLF

NEW YORK ( TheStreet) - Here's the news and headlines that could move financial stocks today.

Bank of America (BAC) CEO Brian Moynihan saw his pay in cash and stock jump to $8.1 million in 2011, according to the bank's annual regulatory filing with the Securities and Exchange Commission.

According to disclosure by the bank's compensation and benefits committee, Moynihan's pay was actually $7 million, including $950,000 as base salary and $6 million in restricted stock units.

The CEO's salary trailed that of three other BofA executives: Thomas Montag, Bruce Thompson and David Darnell got $12 million, $10 million and $8 million respectively.

The pay also trailed that of CEOs at rivals including JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC).

Goldman Sachs (GS) is holding its annual board meeting in India, in a sign of its growing commitment to the country and the region.

Even though CEO Lloyd Blankfein and other executives are half a world away, they might not be able to escape the scrutiny they have received in recent weeks.

On Wednesday, the company reached a deal with a leading union pension fund to appoint a "lead" director, temporarily staving off calls to remove Lloyd Blankfein from the post of Chairman and replace him with an independent director.

Blankfein holds both the CEO and Chairman positions at Goldman Sachs. Previous calls to separate those roles to reduce potential conflicts of interest have been shot down by shareholders.

Goldman's reputation has come under attack in recent weeks, following the public resignation of a former employee who accused the firm of putting money before clients' interests. That has once again raised the pressure on the investment bank to address its corporate governance practices.

Shareholders will vote in the firm's annual meeting in May on a proposal to replace Blankfein as independent chairman. According to the reports, management has held discussions about reducing the role of Blankfein to Chairman and promoting COO Gary Cohn to the chief executive position if the union's proposal is passed.

JPMorgan Chase CEO Jamie Dimon continues to feel optimistic about the economy. In an interview with CNBC, Dimon said the U.S. no longer faced the risk of a double-dip recession.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs