Wall Street’s down numbers put CEOs pay packages on watch

The biggest banks, starting with JPMorgan Chase Wednesday, are expected to report double-digit drops in revenue due to an unusually bad quarter for trading, which can make for some awkward timing for chief executives who want to get their pay packages approved at upcoming annual meetings.

“If banks don’t perform well, [executives] shouldn’t get paid as much,” Mike Mayo, bank analyst at CLSA, who has been critical of CEO pay, told The Post.

Michael Corbat, Citigroup’s CEO, and Brian Moynihan, of Bank of America, are vulnerable to “say on pay” votes this year as investors start campaigning for more executive accountability.

Citi’s stock was down 4.36 percent last year, and fell another 19.3 percent during the first quarter this year. BofA fell 5.9 percent in 2015, and slumped an additional 19.7 percent during the first three months of 2016.

“Citigroup has a very nice scorecard for evaluating executive compensation, but we see a degree of grade inflation,” Mayo said.

Last year, Citi and BofA both cut their CEOs’ pay to $13 million. Citi’s board wants to give Corbat a 27 percent pay raise to $16.5 million for his work in 2015. BofA thinks Moynihan should get $16 million.