J.P. Morgan Discloses Bonuses For 2010

As part of its fourth quarter earnings report, J.P. Morgan JPM disclosed how much it paid its employees this year in wages and bonuses. The average payout for the 2010 fiscal year is around $370,000, though based on pay grade and actual job, employees may receive far higher or far less. Almost $10 billion billion was set aside for salaries and bonuses in the investment banking division, though the bank did not reveal how much of that money was actually bonuses. Citigroup C, Bank of America BAC, and Goldman Sachs GS all follow suit next week with earnings and salary information.