Wall Street bonuses expected to rise for first time since 2021: report

Published On Nov 12, 2024, 6:08 PM

Wall Street bonuses are set to increase for the first time since 2021, with significant rises expected in sectors such as debt underwriting, where bonuses may grow by 25% to 35%, due to increased revenues from higher debt issuances. Equity underwriters are expected to see a 15% to 25% rise, while traders may receive 15% to 20% more in bonuses. The overall optimism in the market is attributed to successful deal-making and favorable economic conditions following Federal Reserve rate cuts.

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The expected rise in bonuses on Wall Street indicates increased confidence in financial markets, likely leading to heightened investment activity. It suggests that the overall economy is performing well, particularly in the sectors of debt issuance and equity trading. This trend could support an upward trajectory for associated financial sector stocks and funds.

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