Raise your hand if you trade equities at a bulge bracket bank...
But, hey, there's worse news!
Bonuses for equities traders could fall as much as 15% from a year earlier, while their fixed-income counterparts could see a 10% drop, according to a report released Tuesday from compensation consultant Johnson Associates Inc. It predicts total incentive compensation for investment and commercial banks will drop in 2019 -- the third time in the last four years -- on geopolitical and rate uncertainty.
Oh, we're not trying to be mean. But also, there is this:
Bonuses for retail and commercial bankers could increase 5%, reflecting the benefit the biggest U.S. banks have been deriving all year from their Main Street operations.
Elsewhere on Wall Street, hedge fund and private equity bonuses could climb as much as 5% on positive flows. Asset-management bonuses will probably drop 5% on lower revenues, according to the report.
Okay, maybe we're trying to be a little mean.
Click through to the Bloomberg post for a "fun" graphic.