If big bonuses mean big business, New York Attorney General Andrew Cuomo's report on compensation last week underlined the strength of JPMorgan Chase & Co. in capital markets.

JPMorgan Chase had 1,144 employees who earned more than $1 million in bonuses last year, far more than any of the other big banks that had been given capital from the Treasury Department's Troubled Asset Relief Program. Goldman Sachs Group Inc. paid bonuses of $1 million or more to 953 employees; Bank of America Corp. and its Merrill Lynch & Co. combined paid such bonuses to 868; and Morgan Stanley had 428 with bonuses of $1 million or more.

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