Wall Street bankers are getting bigger bonuses again

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Wall Street bankers are getting bigger bonuses again

Wall Street bankers are getting bigger bonuses again

NY POST-

Time for that second home in the Hamptons.

The average banker bonus in 2017 is poised to get fatter for the second straight year, as hopes for deregulation have led to a flurry of trading and underwriting on Wall Street, according to New York state Comptroller Thomas P. DiNapoli.

The upbeat forecasts, which anticipate bonuses will rise 3.8 percent to $143,462, are based on a blazing first half, during which industry profits jumped 33 percent to $12.3 billion, according to government figures.

“After a very successful first six months, Wall Street profits are on track to exceed last year’s level, barring a major fourth-quarter setback,” DiNapoli said in a statement.

[NY POST]

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