Bonus Watch '15: Better Luck Next Year?

No one's in this gig for the money, right?
Author:
Publish date:
Updated on

Wall Street’s average bonus fell 9 percent to $146,200 in 2015, the biggest drop since 2011, according to estimates by New York State Comptroller Thomas DiNapoli. The bonus pool was $25 billion, down 6 percent from a year earlier, as the industry added 4,500 jobs in New York City, DiNapoli said Monday in a statement. The payouts shrank as profits from broker-dealer operations of the New York Stock Exchange member firms declined $1.7 billion to $14.3 billion. Profit at the six largest U.S. banks rose to $93 billion in 2015, more than double the 2009 level and a 36 percent increase from a year earlier. [Bloomberg]

Related