Bonus season on Wall Street is here and it could be quite lucrative for some. For achievements in 2021, bonuses for staff at actual Wall Street firms grew by 20 percent over bonuses for 2020, according to the New York State Comptroller’s office. “The average bonus paid to employees in New York City’s securities industry… Read More >>
Wall Street Mulls Key Pandemic Post-Trade Lessons
Some observers on Wall Street are saying that the global pandemic may be heading toward an end phase. I hesitate to agree with that prediction given the many unexpected riptides that the potentially fatal COVID-19 virus has imposed upon the world since its onset in 2020 (or even sooner). So, while we hope that the… Read More >>
Wall Street Bonuses Up 10% for 2020: Report
A 10 percent rise in bonuses for Wall Street securities industry participants reflects how trading firms were able to overcome the pandemic-related challenges of 2020, says Thomas P. DiNapoli, comptroller for the state of New York, via his annual report upon payments made to employees beyond their salaries. However, trading firms have been relying on… Read More >>
Wall Street Profits & Salaries Heading Upward for 2018
Securities trading firms based in New York City had pretax profits that reached $13.7 billion during the first half of 2018, representing an 11 percent jump over the same period last year, reports New York State Comptroller Thomas P. DiNapoli. The rise in profits follows a pattern as last year pretax profits “rose by 42… Read More >>
Wall Street Profits and Bonuses for 2015 Not So ‘Yuge’
Perhaps the mixed news from the New York State Comptroller’s office will make Bernie Sanders happy as the candidate for the Democratic Party presidential nomination has been rallying his troops behind an anti-Wall Street message. In particular, Uncle Bernie been decrying the “yuge” bonuses that CEOs at Wall Street firms are accruing. But it looks… Read More >>
