Jamie Dimon was awarded an 8.3% pay raise following a year of record profitability at JPMorgan and amid questions about who might succeed him as CEO.

The JPMorgan Chase chief executive, who had warned of the negative effect of tariffs, said they could be justified for national security reasons.

JPMorgan Chase said on Thursday CEO Jamie Dimon's 2024 compensation climbed about 8.3% to $39 million. The pay package included a base salary of $1.5 million and $37.5 million in incentives. The head of the largest U.