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Wall Street's Major Banks Prepare for 2024 Bonus Announcements

share-iconWednesday, January 08 comment-icon1 week ago 8 views
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businessinsiderBUSINESSINSIDER
Wall Street's Major Banks Prepare for 2024 Bonus Announcements

Credited from: BUSINESSINSIDER

  • Wall Street bonus season is officially underway as major banks begin communicating to employees about their 2024 bonuses.
  • Morgan Stanley will be the first to share bonus numbers on January 8, with Goldman Sachs following on January 15.
  • Bonuses have generally declined in recent years, but may rise by up to 35% this year due to increased deal flow.
  • Investment banks like JPMorgan and Bank of America will announce bonus amounts on January 21 and January 27, respectively.
  • The final bonus announcement for Citi is expected in the second half of January, amidst ongoing restructuring efforts.

For more details, visit the original article at Business Insider.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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