The following video is from Wednesday's MarketFoolery podcast in which host Chris Hill, along with analysts Austin Smith and Bryan Hinmon, discuss the top business and investing stories.
Shares of both Goldman Sachs (NYSE:GS) and JPMorgan Chase (NYSE:JPM) have handily beaten the market over the past year. Both reported strong Q4 earnings. Both companies have also done so at a time when they've had fewer employees because of cutbacks. JPMorgan CEO Jamie Dimon's annual bonus was cut in half, too. While he'll have to somehow manage to get by on a bonus of only $10 million, the guys credit JPMorgan's board of directors for taking action.
The relevant video segment can be found between 7:07 and 10:30.
Austin Smith, Bryan Hinmon, and Chris Hill have no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs and owns shares of JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.