Wall Street’s Seismic Shift Propels Dallas Past Chicago, LA

  • Three big Wall Street banks began new Dallas campuses in 2023
  • Post-pandemic relocations have been a boon for Texas city
Wall Street's Seismic Shift to DallasPhotographer: Shelby Tauber/Bloomberg
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It’s been a big year for Big Finance in the Big D.

Dallas saw three of Wall Street’s largest banks start on new campuses this year, cementing their bets on one of the fastest-growing metros in one of the fastest-growing states. The industry’s rapid Texas expansion since the onset of the pandemic means the area now has more finance workers than Chicago or Los Angeles, trailing only New York.