Wall Street Braces for Record Bonuses as Trading Profits Top $90 Billion
Wall Street’s major banks are on track to reward dealmakers and traders with some of the largest bonus pools in years after industry profits surged past $90 billion, according to the latest market read-through. The windfall reflects a powerful rebound in trading, underwriting and advisory activity, even as firms remain cautious about regulation, rates and the durability of the rally.
