Skip to content
Subscriber Only

Wall Street Bonuses Climb 8% to $20 Billion, DiNapoli Says

Wall Street’s cash bonus pool rose 8 percent to $20 billion in 2012 as profits surged, according to projections by New York state Comptroller Thomas DiNapoli.

Employees took home an average cash bonus of almost $121,900 last year, DiNapoli, a 59-year-old Democrat, said today in a conference call with reporters. The pool climbed as some firms moved up payments to 2012 to avoid paying higher federal personal income taxes taking effect this year and as profits in the securities industry increased three-fold, he said.