JPMorgan: Financial Winners & Losers
(Financial winners and losers article updated for closing stock prices.)
NEW YORK (
) --
JPMorgan Chase
(JPM) - Get Report
stock was one of the few financial-sector losers Friday, as the megabank divulged the
$17 million bonus it paid to its top boss, Jamie Dimon
, for his 2009 work.
The sum -- made up of stock and options, but no cash -- is about what pundits and JPMorgan fans had expected, and will likely pale in comparison to what
Goldman Sachs'
(GS) - Get Report
Lloyd Blankfein will receive. Wall Street handicappers think he'll pull in another enormous bonus, though
please don't bother the firm's chief spokesman, Lucas Van Praag
, with any questions about it.
In other JPMorgan intel, an internal email that was unearthed by one of the many Washington Mutual class-action lawsuits
seems to raise antitrust questions
.
JPMorgan shares ended Friday's session at $38.30, down a nickel, or 0.1%.
Speaking of legal issues, New York Attorney General Andrew Cuomo on Thursday charged
Bank of America
(BAC) - Get Report
and its former CEO Ken Lewis and CFO Joe Price with
fraud for misleading investors and the government
about the peril Merrill Lynch was in when it agreed to acquire the brokerage in 2008. All parties denied the charges
Bank of America shares closed Friday up 25 cents, or 1.7% to $15.
Elsewhere, after Thursday's broad-based equities creaming, megabank shares hung in relatively well
, its lowest level since August.
Wells Fargo
(WFC) - Get Report
advanced 36 cents, or 1.3%, to finish at $27.42, while and Citigroup rose 4 cents, or 1.3%, $3.22.
Goldman Sachs gained $3.50, or 2.3%, to close Friday's regular session at $154.16, while rival
Morgan Stanley
(MS) - Get Report
rose 63 cents, 2.4%, to finish at $27.26.
-- Written by Scott Eden in New York
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Scott Eden has covered business -- both large and small -- for more than a decade. Prior to joining TheStreet.com, he worked as a features reporter for Dealmaker and Trader Monthly magazines. Before that, he wrote for the Chicago Reader, that city's weekly paper. Early in his career, he was a staff reporter at the Dow Jones News Service. His reporting has appeared in The Wall Street Journal, Men's Journal, the St. Petersburg (Fla.) Times, and the Believer magazine, among other publications. He's also the author of Touchdown Jesus (Simon & Schuster, 2005), a nonfiction book about Notre Dame football fans and the business and politics of big-time college sports. He has degrees from Notre Dame and Washington University in St. Louis.