Wall Street Bonuses Rise 17 Percent In 2017

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The average bonus for a Wall Street employee jumped 17 percent in 2017, according to data released by the New York state comptroller Monday.

New York City traders and analysts took home an average bonus of $184,220 last year as stock prices skyrocketed during President Trump’s first term.

Securities trading firms based in New York City increased their profits by 42 percent in 2017 to $24.5 billion, according to the comptroller. The increase was the largest rise in Wall Street bonuses since 2006, a year before the start of the financial crisis that roiled the world and crashed the global economy.

 

Read more at The Hill.

{Matzav.com}

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