New York Releases Average 2016 Bonus For Wall Street Employees
According to the article, profits have rose for the first time since 2012. As a result, the average bonus paid to Wall Street employees was $138,210, with a total pool of $23.9 Billion.
Profits on Wall Street rose last year for the first time since 2012, and financial firms cut larger bonus checks on average, according to a new report from the New York State Comptroller's Office.
The average bonus the Street paid out to workers last year was $138,210, with the total pool reaching $23.9 billion. That also broke a two-year streak of declines, though it was up only slightly from 2015.
Is this a sign of the things to come? Will Wall Street start to look more like it was pre-crisis?
