inflation wylin’ this year, there is some good news for Wall Street. Bankers
and traders are poised to get their biggest bonuses since the financial crisis.
In a whirlwind last 2ish
years, where resignations have been poppin’ off and morale has been at an all-time
low, banks hope the cash boost will stop the bleeding of resignations.
to a report by Johnson Associates, equity / debt
underwriters are expected to be the biggest winners, with a 35% increase expected
from a year ago. Equity traders and M&A bankers may see a 25% increase and fixed-income
traders might be the only losers, with bonuses expected to shrink as much as
In a surprise turn of events, the pandemic was great news for
Wall Street banks. Goldman Sachs posted enough revenue through September to
give the firm its best year ever and JPMorgan revenue for the first nine months
of the year was an all-time record.
Banks did show restraint last year, wary of giving large
bonuses in a pandemic. But now as a second blockbuster year comes to close,
expectations across Wall Street are high. Santa is coming early to Wall Street
this year. (fingers crossed)
Short Squeez Takeaway: There’s not much news or many articles that bring happiness to miserable investment banking analysts, who are drowning in the record level of deal activity these days, but we hope this one will bring a smile to your face. It's all speculation though, so pls don’t get that Rolex or deal sleds just yet.