Jane Fraser’s 2025 Pay Climbs to $42M as Citigroup Shares Post Strong Gains
Fraser earned about $7.5 million more than in the previous year
Citigroup CEO Jane Fraser’s total compensation reached $42M in 2025, a reflection of the bank’s significant stock outperformance and progress in its multi-year organizational restructuring.
Citigroup Inc. increased CEO Jane Fraser $42M pay 2025 million, ranking her among the highest paid chief executives at U.S. banks.
The salary hike of 22%, reported in a securities filing Thursday, came after a year when Citigroup’s shares surged 66%, the most on Wall Street. The increase leaves Fraser’s total Citigroup CEO compensation hike package for the year just $1 million less than that of Jamie Dimon at JPMorgan Chase & Co.
Fraser’s compensation was composed of a base salary of $1.5 million, $6.1 million of a cash incentive award and the remainder Citi stock surge and pay rise. The compensation followed a retention award given to Fraser when she became chair of the bank’s board last October.
Fraser’s pay increase shows just how pleased the bank’s board is with her leadership of Citigroup, where she’s seeking to transform the bank after years of underperforming its peers. She split up the bank’s businesses and hired outsiders to lead them — all while ending “old, bad habits” that she blamed for allowing the bank to settle for mediocrity.
“The package reflects her work to meaningfully strengthen Citi’s performance throughout 2025, her strategic vision and her leadership in executing that vision, and the continued execution of the bold choices she has made to position the firm for further growth,” the bank said in the filing.
Morgan Stanley raised CEO Ted Pick’s compensation by 32% to $45 million. Goldman Sachs Group Inc. increased CEO David Solomon’s by 21% to $47 million. Wells Fargo & Co. lifted Charlie Scharf’s salary 28% to $40 million, and Dimon received a 10% raise to $43 million.
