ALBANY, N.Y. – New York’s comptroller says average Wall Street bonuses were down 9 percent last year to $146,200 as industry profits declined.
State Comptroller Thomas DiNapoli estimates Monday that industry-wide profits declined by 10.5 percent, the third straight yearly decline. DiNapoli says revenues were weak, especially from trading and underwriting. Profits were at their lowest reported level since 2011.
DiNapoli says weaknesses in the global economy and market volatility could continue to hurt profits this year.
One bright spot: employment in the securities industry in New York City grew by 2.7 percent in 2015.
The state comptroller releases an annual estimate of bonuses paid to securities industry employees in New York City. The state and city budgets rely on the securities industry and lower profits can affect tax revenue.
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.