Wall Street bonuses surged to a record $47.5 billion in 2024, up 34%, amid soaring profits.

Wall Street bonuses hit a record high in 2024, with a total bonus pool of $47.5 billion, up 34% from last year. The average bonus rose 31.5% to $244,700, reflecting a 90% increase in Wall Street profits. Despite these gains, New York State Comptroller Thomas DiNapoli warns that economic uncertainty and federal policy changes could affect the industry's outlook in 2025. The securities industry supports one in 11 jobs in New York City and generates significant tax revenue for the state and city.