{"id":327437,"date":"2025-10-23T21:25:17","date_gmt":"2025-10-23T21:25:17","guid":{"rendered":"https:\/\/www.europesays.com\/us\/327437\/"},"modified":"2025-10-23T21:25:17","modified_gmt":"2025-10-23T21:25:17","slug":"wall-streeters-poised-to-get-record-bonuses-in-2025-new-york-state-comptroller","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/327437\/","title":{"rendered":"Wall Streeters poised to get record bonuses in 2025: New York State comptroller"},"content":{"rendered":"

Wall Street bankers are set to rake in record bonuses this year, according to a new report from New York\u2019s bean counter-in-chief, with profits fueled by a resurgence in dealmaking and a soaring stock market.<\/p>\n

State Comptroller Thomas DiNapoli predicted industry profits could exceed $60 billion in 2025 if current trends continue, up from the $49.9 billion full-year earnings posted by the Big Apple\u2019s money men <\/a>last year, handing a significant boost to city and state coffers.<\/p>\n

\u201cWhile uncertainty remains around interest rates, inflation, and the broader economy, Wall Street looks to have another strong year,\u201d he said Thursday, pointing to a 10% rise in compensation expenses in just the first half of the year<\/a>, compared to 2024.<\/p>\n

The latest report by State Comptroller Thomas DiNapoli predicted another bumper year for Wall Street bonuses amid a revival in M&A activity and a soaring stock market. AFP via Getty Images<\/p>\n

DiNapoli, a Dem, noted that Wall Street profits \u201cprovide an important boost for tax revenues that support critical investments in housing, transportation and public services that New Yorkers depend on.\u201d<\/p>\n

The comptroller\u2019s report said profits at the 130 firms on the New York Stock Exchange hit $30.4 billion in the first six months of this year \u2014 in spite of uncertainty surrounding President Donald Trump\u2019s trade policies, among other factors.<\/p>\n

\u201cThe profit surge stems from a 73.4% increase in trading revenues, along with gains from commission income, AI-related deals and supervisory fees, despite market volatility tied to shifting tariff policies and global economic jitters,\u201d DiNapoli wrote.<\/p>\n

Major banks including Goldman Sachs, JPMorgan and Citi saw a boost to their trading units\u2019 bottom lines as investors reorganized their portfolios while the White House overhauled trading policy with countries around the world.<\/p>\n

DiNapoli\u2019s report cited a recent AI stock boom and swelling trading revenues at some of New York\u2019s top banks as the reason behind the bigger bonuses. Lev Radin\/Shutterstock<\/p>\n

Last year\u2019s Wall Street bonuses hit a record $47.5 billion, coming to an average of $244,700 per employee, according to data from the comptroller\u2019s office. Total compensation, including salaries, climbed 7.3% to an average of $505,630 \u2014 nearly five times the city\u2019s private-sector average.<\/p>\n

In August, leading compensation consultant Johnson Associates predicted an uptick in bonus payouts, too.<\/p>\n

Johnson Associate said Wall Streeters working on fixed-income trading desks could see their bonuses grow 10% to 20%, while equities traders may get increases of up to 30%.<\/p>\n

The improved outlook follows a weak start to the year, when banks and financial firms faced uncertainty<\/a> from global trade tensions and muted deal-making.<\/p>\n

Employment numbers in New York City\u2019s securities sector reached a record 201,500 jobs in 2024, eclipsing the pre-dot-com bubble peak from 2000, the comptroller\u2019s report stated. REUTERS<\/p>\n

DiNapoli\u2019s forecast underscores the importance of the financial industry to New York City, with the sector coming under the microscope of left-wing firebrand Zohran Mamdani\u2019s campaign to succeed Mayor Eric Adams. <\/p>\n

Some top executives are concerned that his tax-and-spend proposals could force major firms to flee.<\/p>\n

Employment numbers in New York City\u2019s securities sector reached a record 201,500 jobs in 2024, eclipsing the pre-dot-com bubble peak from 2000, the state comptroller\u2019s report stated.<\/p>\n

DiNapoli\u2019s report underscores the importance of the financial industry to New York City, which has come under the microscope during Zohran Mamdani\u2019s lefty mayoral campaign. Derek French\/Shutterstock<\/p>\n

Preliminary data for 2025 suggests a dip of about 3,000 jobs, though similar early trends have reversed in past years. <\/p>\n

The city still leads the nation in securities jobs, but its share has slipped as other markets grow faster.<\/p>\n

Statewide, the industry employed 217,800 people in 2024, up 9.3% since 2019 \u2014 the largest gain of any state. California trailed in second place with 102,600 jobs.<\/p>\n

\u201cHowever you feel about Wall Street, good or bad, the reality is the services that we provide to the people of our city and our state significantly rely on the profits of Wall Street,\u201d DiNapoli said in a Bloomberg Television interview. \u201cWhatever\u2019s going on in the larger politics, we want these jobs to continue to be located in New York.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Wall Street bankers are set to rake in record bonuses this year, according to a new report from…\n","protected":false},"author":3,"featured_media":327438,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5122],"tags":[5229,8392,259,64,20855,15850,5289,862,16672,405,403,5226,5225,5228,5227,5341,81288,67,586,132,5230,68,2969,3642,5301],"class_list":{"0":"post-327437","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-america","9":"tag-banking","10":"tag-banks","11":"tag-business","12":"tag-citigroup","13":"tag-comptroller","14":"tag-eric-adams","15":"tag-goldman-sachs","16":"tag-jpmorgan-chase","17":"tag-new-york","18":"tag-new-york-city","19":"tag-newyork","20":"tag-newyorkcity","21":"tag-ny","22":"tag-nyc","23":"tag-nyc-mayoral-election-2025","24":"tag-thomas-dinapoli","25":"tag-united-states","26":"tag-united-states-of-america","27":"tag-unitedstates","28":"tag-unitedstatesofamerica","29":"tag-us","30":"tag-usa","31":"tag-wall-street","32":"tag-zohran-mamdani"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115425596382391478","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/327437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=327437"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/327437\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/327438"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=327437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=327437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=327437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}