0953 ET - Wall Street did well last year facing myriad challenges, New York State Comptroller Thomas DiNapoli says. Profit rose more than 30% in 2025, to $65.1 billion. The increase resulted in Wall Street's securities-industry bonus pool rising 9% to a record $49.2 billion and the average bonus climbing 6% to $246,900. "When Wall Street does well, it's good for our state and city budgets, which are reliant on the industry's significant tax contributions," DiNapoli says. He did include a forward-looking warning, though, as current slower job growth and geopolitical conflicts "have global repercussions that pose extraordinary risks for the short- and long-term outlook on the financial sector and for broader economic markets." (connor.hart@wsj.com)
(END) Dow Jones Newswires
March 26, 2026 09:53 ET (13:53 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments