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Wall Street Bonuses Will Be Extra Fat This Year. Here's How Much Bankers Are Getting. -- Barrons.com
Compensation consulting companies predict traders will receive a "windfall", with Wall Street bonuses seeing a significant increase for the first time in three years.
According to a report by the compensation consulting firm Johnson Associates, Wall Street firms are expected to pay higher bonuses this year, marking the first increase since the bumper year of 2021.
Fifth Third Lights Up Hyper-Fast Electric Vehicle Chargers at Florida Branch
Rallying Bank Stocks Have Further Room to Run, Analyst Says
Goldman Sachs: Hedge funds are scrambling for bank stocks after the end of the US presidential election, while the public utility sector has seen net selling for the first time in four weeks.
A report from Goldman Sachs shows that as investors react to Trump winning the USA presidential election, hedge funds bought bank stocks at the fastest pace in three years last week while shorting renewable electrical utilities producers.
Trump's election victory boosts US bank stocks, with Wall Street expecting relaxed regulations.
Within the largest banks in the usa, people's emotions range from cautious optimism to excitement because they see the prospect of relief from regulatory institutions during the Biden era.