Wall Street’s largest investment banks are looking to award traders and dealmakers with their largest bonus increases since the pandemic, with hikes of 10% or more, Katherine Doherty of Bloomberg reports, citing people briefed on the plans. At Bank of America (BAC), 10% will be the average increase in store for investment bankers and traders handling stocks, people with direct knowledge told Bloomberg. Meanwhile, Morgan Stanley (MS) and JPMorgan (JPM) will have bonuses more than 10%, people familiar with the matter said. Additionally, Goldman Sachs (GS) is expected to go even further at some of its trading desks.
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