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Wall Street profits surge as traders position for larger bonuses
The Wall Street Journal says profits are rising amid volatile markets and a wave of large stock offerings.
Volatile markets and sizable stock offerings have helped drive higher profits across Wall Street, according to the Wall Street Journal Markets.
The outlet reports that bankers are now looking to bigger bonuses this year, pointing to the current profit surge at investment banks.
The article attributes the pickup to trading activity in an unsettled market environment, where deal issuance and market swings have translated into stronger profitability.
WSJ Markets also links the timing of the bonus expectations to the combination of market volatility and the scale of public equity offerings occurring now.