S&P High Boosts Online Brokers; Buyout Benefits Kraft CEO: Finance Winners & Losers

 

NEW YORK (TheStreet) -- Monday saw another yet another record high for the S&P 500, which appears to bode well for online brokerages such as E*Trade Financial (ETFC) and Charles Schwab (SCHW). Meanwhile, some hefty paydays were reported across the financial industry. Some didn't even require holding a job.


While the S&P 500 continues to outdo itself, Ari Wald, a technical analyst at Oppenheimer, gave buy ratings to CME Group   (CME), E*Trade, Goldman Sachs (GS), J.P. Morgan Chase  (JPM), KeyCorp  (KEY), Morgan Stanley (MS), Nasdaq OMX Group (NDAQ), and Charles Schwab citing the companies exposure to capital markets. 

In Monday's trading both E*Trade and Charles Schwab were at the top of the S&P 500 Financial Index, which closed up 0.55%.

Meanwhile, E*Trade closed up 83 cents to $29.84 and Charles Schwab closed up 65 cents to $31.86.


It's good to be a CEO. Especially if you're John Cahill of Kraft Foods Group (KRFT). Cahill sat at the helm of Kraft for just a few months before agreeing to sell the company to H.J. Heinz, which is co-owned by Warren Buffett's Berkshire Hathaway (BRK.A) and 3G Capital.

Now, according to a filing issued by Heinz on Monday, Cahill's five months as CEO entitle him to a golden parachute worth more money than most people will see in a lifetime. The $19.9 million pay package is split in $9.2 million in cash and approximately $10.6 million in stock in the event that Cahill's salary is reduced or his duties diminished.

Again, it's good to be CEO, if even only for five months. 


If working as CEO isn't quite your thing, there's another way to benefit from corporate bonuses: marry someone who gets them.

Sunday's New York Times ran an opinion piece on the so-called bonuses that some Upper East Side wives get from their Wall Street husbands. Social media went nuts with cries of sexism and materialism among the uber-1% crew. Though what some term sexism, others may just call a marital arrangement.

Either way, bonuses are likely to be up this year.

In March, the New York Office of the State Comptroller noted that not only did Wall Street add 2.300 more jobs in New York City in 2014, but the bonus pool grew to $28.5 billion dollars, which amounts to an average bonus of $172,860 for the city's 167,800 securities workers.

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