The average bonus paid to Wall Street traders dipped by more than $30,000 despite a jump of 11 percent in securities industry profits.
The average bonus paid to Wall Street traders dipped by more than $30,000 despite a jump of 11 percent in securities industry profits, according to a report released Tuesday by the comptroller for New York state.
The annual accounting by the state comptroller's office of Wall Street bonuses paid out from December through March serves as an indicator of how the financial services industry is doing. It also gives New York City and state tax collectors an idea of how much to expect from taxes on the billions of dollars in bonuses Wall Street brokerage firms pay employees.
"Profits grew in 2018 and have nearly doubled since 2015," DiNapoli said."Bonuses declined in 2018, but the average bonus was still double the average annual salary in the rest of the city's workforce." Another factor in a lower average bonus for 2018 was the addition of 4,700 jobs in the city's securities industry, meaning the bonus pool was shared by a larger number of employees, DiNapoli said. Securities industry jobs topped 181,000 last year, he said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Here are the Final Four picks of 17 Wall Street titans | Markets InsiderHere are the Final Four picks of 17 Wall Street titans
Consulte Mais informação »
Here are the Final Four picks of 17 Wall Street titansMarch Madness 2019 began Thursday, and Business Insider highlighted the Final Four picks of 17 Wall Streeters participating in Bloomberg's challenge.
Consulte Mais informação »
Wall Street bonuses plunged 17% in 2018Wall Street bonuses fell 17% in 2018. This was partially due to changes in the federal tax code.
Consulte Mais informação »
Wall Street opens lower as global growth fears persistU.S. stocks opened lower on Monday, weighed by technology shares, as investors w...
Consulte Mais informação »
Apple's news service just landed The Wall Street JournalApple has convinced The Wall Street Journal to participate in its forthcoming “Netflix for news” paid subscription news service, per the NYT.
Consulte Mais informação »
Wall Street falls on global growth worriesU.S. stocks fell on Monday, extending the previous session's steep sell-off...
Consulte Mais informação »
Apple launches Netflix for news, with Los Angeles Times, Wall Street Journal participatingBreaking: The Los Angeles Times is joining a new paid subscription news service created by Apple that offers customers who pay a monthly fee access to articles from a selection of publications, many of which are otherwise behind paywalls.
Consulte Mais informação »
Economic worries weigh on Wall StreetThe S&P 500 ended a choppy session slightly lower on Monday as worries about a s...
Consulte Mais informação »
Stock market's fourth-quarter crash and comeback draws comparisons on Wall Street to '87, '95Right now, Wall Street is spending a lot of time debating what year from the past looks most like 2019 – and what that means for the market outlook.
Consulte Mais informação »
Apple's announcements are a game changer for customers, but not Wall Street, Jim Cramer saysJim Cramer explains why the analysts are wrong about Apple's new products and why investors should buy the stock.
Consulte Mais informação »