Home›US Markets›Sectors›Wall Street bonuses set to rise as profits approach $9…

Wall Street bonuses set to rise as profits approach $90 billion

New York is reporting the industry is on pace for $90 billion in profits this year, supporting higher compensation payouts.

Reported · Written up by our desk · Sectors

Wall Street bonuses are expected to reach another high this year as profitability continues to climb, according to WSJ Markets.

New York reported that the industry is on pace for $90 billion in profits for the year, a level that is expected to translate into higher compensation for employees.

The projection points to bonuses and related pay continuing to benefit from strong earnings performance across the industry, WSJ Markets said.

More like this

Sources