Express News | Bank of America Bonus Pool for Investment Bankers Likely to Rise Average 10%, Source Says

Reuters17:30 ET

Wall Street's Bonus Frenzy: Top Investment Bankers Eye Double-Digit Pay Boosts As Markets Flourish

Benzinga17:16 ET

BlackRock Reportedly Leaving Net-Zero Trade Group

MT Newswires16:55 ET

Wall Street's major banks are planning the most generous dividends since the pandemic, with bonuses for Bank of America and Morgan Stanley expected to increase by double digits.

Informed sources reveal that executives from top Wall Street investment banks are finalizing plans to increase the bonuses of traders and trade facilitators to the highest levels since the pandemic, with many departments expected to see increases of 10% or more. Direct sources who wish to remain anonymous say that this level will be the average increase for investment bankers and traders in Stocks and fixed income products at Bank of America. In Morgan Stanley and JPMorgan, traders' bonuses will rise by more than 10%. For JPMorgan investment bankers, the bonus will increase by about 15%. Industry veterans generally expect that some trading teams at Goldman Sachs will receive substantial bonus increases.

Global Market Report16:35 ET

Wall Street Bonuses to Climb by 10% or More at Biggest Banks - Report

Seeking Alpha16:06 ET

A summary of USA companies that promised to donate to Trump's inauguration.

Before Trump returns to the White House on January 20, major companies from Wall Street to Silicon Valley have promised to donate to his inaugural Fund, hoping to establish a positive relationship with his new government. These companies include: A spokesperson for Google, under Alphabet, stated that Google has donated 1 million dollars. Amazon donated 1 million dollars. A spokesperson for Amazon stated that the company would broadcast the inauguration ceremony on its Prime Video service. Bank of America, the second-largest lender in the United States, and Goldman Sachs, an investment bank, plan to donate to Trump's inauguration committee but have not yet decided the amount.

Global market report.12:11 ET