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Goldman Sachs and JPMorgan Plan Bumper Bonuses to Get Edge

  • The firms may set aside 40% or even 50% more to reward bankers
  • That contrasts with fixed-income traders whose revenue slumped
The Goldman Sachs Group Inc. headquarters in New York.

The Goldman Sachs Group Inc. headquarters in New York.

Photographer: Michael Nagle/Bloomberg

The two Wall Street investment-banking titans dominating this year’s dealmaking frenzy are opening up their wallets to try to keep their bankers happy -- and ratcheting up pressure on rivals to follow suit. 

Goldman Sachs Group Inc. may boost its bonus pool for investment banking by about 50%, and JPMorgan Chase & Co. may reach for a 40% increase, according to people with knowledge of their initial deliberations. The business, which covers merger-and-acquisition advisory as well as underwriting groups, is poised for the biggest windfalls after recent meetings to set pay for the year, the people said, asking not to be named discussing internal talks.