Banks may have gotten hammered this year in the stock market, but the CEOs who run them are doing just fine.  Rochdale Securities analyst Dick Bove, says the nation's biggest financial institutions saw their market capitalization  drop by an average of 11.1 percent, but according to Bove's calculations, bank CEO compensation averaged $7.74 million. That means the banking heads earned 50 to 100 times the average worker and did much better than their shareholders, who saw bank stocks as a group plunge about 26 percent this year. Some examples: JPMorgan Chase's [JPM  33.17    -0.25  (-0.75%)]  Jamie Dimon, will earn just shy of $42 million this year for a bank that lost nearly a quarter of its market cap—or 23 percent—during the year, according to Bove's numbers. Bank of America [BAC  5.465    0.005  (+0.09%)] Brian Moynihan, who will earn a comparatively small $2.26 million this year while his bank's market value dropped 60 percent — the worst in Rochdale's study. Goldman Sachs [GS  90.67    -0.34  (-0.37%) ] Lloyd Blankfein's compensation was $21.7 million, while the investment bank he runs lost 46.4 percent of its market cap. Jefferies [JEF  13.75    0.04  (+0.29%)] , Richard B. Handler, earned $21.4 million for a firm that a few months ago came under the gun for its potential exposure to European debt, the Rochdale analysis shows. The lowest-paid of the 23 CEOs in the analysis was Capital One's [COF  42.50    -0.14  (-0.33%)] Richard Fairbanks at $100,637 at a company that lost just 2 percent of market cap. Bove concedes his numbers may not be perfect — computing CEO pay "is, in fact, rocket science," he said — but believes the numbers to be accurate as they rely on base pay combined with various other stock and option benefits the bank chiefs receive. He formulated the numbers in conjunction with SNL Securities and a private consultant. [ "The divergence between the earnings and stock price performance reflects the fact that psychology related to the industry is far more important than the fundamentals," Bove said in a research note. "These companies simply have no credibility. This is expected to change in 2012. In 2012, both earnings and stock prices are expected to rise, but this is another subject." Bove said he plans to continue examining the issue, with his attention next turning to how the compensation methods drive policy for the CEOs.  [CNBC - 12/30/11]