Wall Street eyes record bonuses as profit heads past US$90 billion
Annual earnings would comfortably surpass last year’s record of US$65.1 billion, according to a report
New York's trading and investment-banking sector is on track to deliver record earnings, with profit expected to surpass US$90 billion, according to a report by New York State Comptroller Thomas DiNapoli. This would mark a significant increase from last year's record of US$65.1 billion. The robust performance is attributed to a booming first half of 2026, fueled by volatile markets and renewed confidence in dealmaking.
Major Wall Street firms have already reported record revenues in key business lines, with Goldman Sachs posting its third consecutive all-time quarterly record for stock-trading. This strong year is projected to benefit not only the finance professionals but also the broader economy and New York City's job market, which has already seen a significant increase in employment within the industry.
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