Paychecks Got Bigger for Most U.S. Bank CEOs During Pandemic (1)

The heads of most large U.S. banks saw their pay increase during the pandemic.

Among banks with more than $1 billion in assets, two-thirds of chief executive officers had an increase in compensation this year, according to a study by analysts at broker-dealer Janney Montgomery Scott LLC. The average bump was 26% for those who got a raise, the data showed.

CEOs at the biggest U.S. banks -- those lenders with more than $50 billion in assets -- had the smallest bump in pay, with an increase of 5.8%. Bank of America Corp.’s Brian Moynihan, Wells Fargo & Co.’s ...