Wall Street bonuses set for record
Bloomberg · Older
Bloomberg
Older
Wall Street's bonus pool is on track to smash records this year. New York's top banks are cashing in on a stock market surge and revived dealmaking fueling profits and, in turn, the city's tax coffers. But the windfall is also sharpening debate over inequality as New York leans on Wall Street's strength to fund its future.
Breakdown
- Initial forecasts predicted lower profits and bonuses due to market uncertainty and tariffs. 13s
- Profits and compensation pools have risen, with bonus pools expected to set new records. 25s
- The equities business has outperformed, with major firms surpassing previous revenue benchmarks. 52s
- Cost management remains a focus, but rising profits allow for higher bonuses without shareholder backlash. 1m 31s