<\/p>\n
Outlook uncertain after bonus pool reaches record heights.<\/p>\n
As Wall Street\u2019s profits rose, the industry\u2019s bonus pool hit a record high in 2024 too, according to new data.<\/p>\n
The total bonus pool for Wall Street firms hit a record $47.5 billion last year, up 34% from the previous year, according to estimates from the New York state comptroller\u2019s office, which are based on income tax withholding trends.<\/p>\n
\u201cRobust economic growth led to increased trading, account supervision, underwriting, and selling revenues, driving strong profits and helping generate the first significant bump in the average bonus estimate since 2021,\u201d it said in a release.<\/p>\n
Alongside the surge in bonus allocations, employment also reached its highest level in the past 30 years, with firms employing 201,500 workers, up from 198,400 in 2023, the state comptroller said. It reported the average bonus was up 31.5% to $244,700.<\/p>\n
State and city tax revenues generated by Wall Street also rose in response to the higher profits and bonuses.<\/p>\n
The state comptroller\u2019s office estimated the industry\u2019s bonuses \u201cwill generate $600 million more in state income tax revenue and $275 million more for the city when compared to the previous year,\u201d which outpaced the governments\u2019 budgetary expectations.<\/p>\n
\u201cThe record high bonus pool reflects Wall Street\u2019s very strong performance in 2024,\u201d state comptroller Thomas DiNapoli said in a release.\u00a0<\/span><\/p>\n \u201cThis financial market strength is good news for New York\u2019s economy and our fiscal position, which relies on the tax revenue it generates. However, increasing uncertainty in the economy amid significant federal policy changes may dampen the outlook for parts of the securities industry in 2025,\u201d he noted.<\/p>\n The bonus pool estimates include bonuses paid for work performed in 2024 and bonuses deferred from prior years that were cashed in during the year, they don\u2019t include stock options, or other forms of deferred compensation that don\u2019t involve withholding taxes.<\/p>\n <\/p>","protected":false},"excerpt":{"rendered":" Outlook uncertain after bonus pool reaches record heights. As Wall Street\u2019s profits rose, the industry\u2019s bonus pool hit a record high in 2024 too, according to new data. The total bonus pool for Wall Street firms hit a record $47.5 billion last year, up 34% from the previous year, according to estimates from the New […]<\/p>\n","protected":false},"author":1,"featured_media":3685,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/03\/Wall-Street-90.jpg",612,408,false],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/03\/Wall-Street-90-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/03\/Wall-Street-90-300x200.jpg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/03\/Wall-Street-90.jpg",612,408,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=3684"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3684\/revisions"}],"predecessor-version":[{"id":3686,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3684\/revisions\/3686"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/3685"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=3684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=3684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=3684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}