Wall Street bankers are set to rake in record bonuses this year, according to a new report from New York’s bean counter-in-chief, with profits fueled by a resurgence in dealmaking and a soaring stock market.
State Comptroller Thomas DiNapoli predicted industry profits could exceed $60 billion in 2025 if current trends continue, up from the $49.9 billion full-year earnings posted by the Big Apple’s money men last year, handing a significant boost to city and state coffers.
“While uncertainty remains around interest rates, inflation, and the broader economy, Wall Street looks to have another strong year,” he said Thursday, pointing to a 10% rise in compensation expenses in just the first half of the year , compared to 2024. 4
DiNapoli, a Dem, noted that Wall Street profits “provi