This marks a new record high since the index was created in 1987.
The regulator stated that the total bonus pool for the banks reached a new high for the second straight year, amounting to $49.2 billion.
Financial firms raised employee bonuses due to increased profits and revenues, driven by resurgence in mergers and acquisitions activity, along with robust performance in trading and securities underwriting.
Net earnings at top Wall Street banks increased over 30% last year, reaching $65.1 billion. The S&P 500 stock index rose by almost 18% in the past year.
"In my opinion, 2025 has been an excellent year, maybe the finest year since 2021 for numerous Wall Street firms. Trading activities have experienced an exceptionally remarkable year," remarked Chris Connors, managing director of the consulting company Johnson Associates.
In the meantime, the banking sector in New York saw a decrease of 3,300 jobs over the year, bringing the total to 198,200. The prior year, the number had reached a three-decade peak.
source: bloomberg.com
The regulator stated that the total bonus pool for the banks reached a new high for the second straight year, amounting to $49.2 billion.
Financial firms raised employee bonuses due to increased profits and revenues, driven by resurgence in mergers and acquisitions activity, along with robust performance in trading and securities underwriting.
Net earnings at top Wall Street banks increased over 30% last year, reaching $65.1 billion. The S&P 500 stock index rose by almost 18% in the past year.
"In my opinion, 2025 has been an excellent year, maybe the finest year since 2021 for numerous Wall Street firms. Trading activities have experienced an exceptionally remarkable year," remarked Chris Connors, managing director of the consulting company Johnson Associates.
In the meantime, the banking sector in New York saw a decrease of 3,300 jobs over the year, bringing the total to 198,200. The prior year, the number had reached a three-decade peak.
source: bloomberg.com