Don't Tell 'Commie Mamdani': Wall Street Bonuses Poised To Smash Records

Wall Street's 2025 bonuses are projected to shatter records due to strong asset price inflation and surging profits. A report indicates that profits for New York Stock Exchange member firms could exceed $60 billion this year. Increased market volatility and investor portfolio adjustments have driven revenue growth in securities trading. Compensation costs in the first half of 2025 have already risen by nearly 10%, suggesting larger year-end bonuses. Bonuses in investment banking are expected to increase significantly, while underwriting and commercial banking may see declines. Major banks have reported substantial trading revenue, fueled by AI and increased deal activity. Last year, the average Wall Street salary was five times the citywide private-sector average. Concerns have emerged regarding Democratic mayoral candidate Zohran Mamdani's policies, which are perceived as detrimental to Wall Street. Some suggest the policies could boost Florida's financial sector. Mamdani's proposals have also drawn criticism for allegedly targeting wealthier, whiter neighborhoods.