Wells Fargo CEO Charlie Scharf gets 28% pay boost to $40 million

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January 29, 2026 6:19 PM EST

FILE PHOTO: Wells Fargo CEO Charlie Scharf speaks during an interview at The Clearing House conference in New York City, U.S., November 5, 2025. REUTERS/Brendan McDermid/File Photo

(Refiles to ⁠correct story ⁠links)

Jan ‍29 (Reuters) - Wells Fargo awarded CEO Charlie ‍Scharf $40 million in compensation for ​2025, up 28% from $31.2 million ​a year earlier, the bank said in a filing on Thursday.

The lender's ​board cited Scharf's leadership in fixing major compliance ​problems and closing several major regulatory punishments, ‌as well as rising earnings and revenue, as reasons ​for the ⁠CEO's pay bump.

Scharf joins other Wall Street leaders ‌who received bigger payouts for a banner year. Goldman ‌Sachs CEO David Solomon's compensation rose ‌21% to $47 million for ​2025, while JPMorgan Chase CEO Jamie Dimon was ‍awarded an increase of just over 10% ⁠to $43 million.

(Reporting by Pritam Biswas in Bengaluru and Lananh Nguyen in New York; Editing by Matthew Lewis)


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