Wall Street's major banks are planning the most generous dividends since the pandemic, with Bank of America and small and large Morgan Stanley bonuses expected to increase by double digits.

Gelonghui Finance · Jan 10 06:27

On January 10, according to Bloomberg, sources revealed that executives from top Wall Street investment banks are finalizing plans to increase the bonuses for traders and trade brokers to the highest level since the pandemic, with many departments expected to increase by 10% or more. This level will represent the average increase for Bank of America investment bankers and traders of Stocks and fixed income products. At Morgan Stanley and JPMorgan, bonuses for traders will increase by more than 10%. For JPMorgan investment bankers, dividends will increase by about 15%. Industry veterans generally expect that some trading teams at Goldman Sachs will receive even higher increases in bonuses. Spokespeople from all banks declined to comment. In the previous two years, the entire industry has maintained restraint on dividends, as investment banks struggled to sustain the trading and matchmaking volumes seen during the peak of the COVID-19 pandemic. Just a year ago, the relatively modest bonus increases for most bank teams still lagged behind inflation.

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华尔街大行策划疫情以来最慷慨分红，美银和大小摩奖金增幅料达两位数

Wall Street's major banks are planning the most generous dividends since the pandemic, with Bank of America and small and large Morgan Stanley bonuses expected to increase by double digits.

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