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Wall Street is set for a bonus boom. Big banks have the edge.
['Wed August At Am Gmt', 'Min Read']
Yahoo Finance - Business finance, stock market, quotes, news
Wall Street is reveling in a year of mega deals, a surging stock market, and a continuing AI frenzy.
Four out of five Wall Street jobs are projected to see a bonus increase over last year.
"Banks, at least for now, are leading the pack," said Alan Johnson, founder of the Wall Street consulting firm.
The rise of Wall Street banks comes after they posted record first-half earnings.
Last year, the average Wall Street bonus for New York City securities industry employees rose 6% to $246,900, according to the Office of the New York State Comptroller.