The ‘$760 Million Windfall’
That’s right, as reported by the New York Times, JPMorgan Chase CEO Jamie Dimon made a “$770 Million Windfall” in 2025.
And he’s not alone — the article reports that other banking titans had their own windfalls, including:
- Capital One CEO: $300 million
- Citi CEO: $100 million
Overall, big bank CEOs had “paydays closer to the scale of hedge fund managers or Silicon Valley start-up founders.”
Bank analyst Glenn Schorr “compared the atmosphere to the optimistic years two decades ago before the housing crash and the economic spike in 2021 when COVID-19 pandemic lockdowns eased.”
Maybe we shouldn’t be surprised.
After all, banking industry profits average around 30% — typically more than any other U.S. industry.
In fact, the numbers show that is true for the entire credit card industry (which uses swipe fees to take a percentage of all the Main Street revenues paid with cards — and automatically make their prices go up with inflation).
- Visa’s latest reported profit margin: 50.15%
- Mastercard’s latest reported profit margin: 45.28%
- Big banks’ average profit margin: 30.89% (highest of all U.S. industries as of January)
- Retail’s average profit margin: 4.6% (one-seventh of the banks’ margins)
- Grocery’s average profit margin: 1.97%
The numbers make it pretty clear who is taking money out of the pockets of American families and making it harder for them to afford the things they need.
COMPETITION IS BETTER FOR EVERYONE
IT'S TIME TO PASS THE CREDIT CARD COMPETITION ACT