Wells Fargo (WFC) has awarded CEO Charlie Scharf a significant pay increase for 2025. His total compensation of $40 million reflects a 28% jump from the prior year, with the board citing meaningful progress under Scharf’s leadership.
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Scharf’s 2025 pay package includes a $2.5 million base salary, a $9.4 million cash bonus, and the remainder in stock awards.
According to the filing, the board credited Scharf with resolving major compliance issues that have weighed on the bank for years, including closing out several regulatory penalties tied to past scandals. The bank also pointed to rising earnings and revenue as key factors behind the compensation boost.
In Line with Wall Street’s Broader Trend
Scharf’s pay increase mirrors a broader pattern across major U.S. banks, where top executives saw compensation climb after a strong year for the industry. This comes after a turbulent few years marked by regulatory pressure, higher funding costs, and shifting interest rate expectations.
Boards have rewarded top leaders for navigating those challenges, stabilizing operations, and delivering improved returns for shareholders.
Other bank chiefs have seen similar increases. Goldman Sachs (GS) CEO David Solomon received a 21% raise to $47 million, while JPMorgan Chase (JPM) CEO Jamie Dimon saw his compensation rise just over 10% to $43 million.
Is WFC a Good Stock to Buy?
Turning to Wall Street, WFC stock has a Moderate Buy consensus rating based on nine Buys, seven Holds, and one Sell assigned in the last three months. At $98.93, the average Wells Fargo stock price target implies a 9.15% upside potential.
