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Higher Wall Street Profits Prompt Sharp Rise in Bonuses

Tariffs and the Facebook breach aside, the stock market is on a record run and as a result Wall Street securities firms’ profits and bonuses have risen in kind.

By John Jordan | Updated on March 27, 2018

NEW YORK CITY—Tariffs and the Facebook breach aside, the stock market is on a record run and as a result Wall Street securities firms’ profits and bonuses have risen in kind.

Pretax profits for the broker/dealer operations of New York Stock Exchange member firms soared 42% in 2017. That dramatic increase followed a 21% rise in profits posted in 2016. Broker/dealer profits totaled $24.5 billion in 2017, the highest level since 2010, according to a report released on Monday by New York State Comptroller Thomas P. DiNapoli.

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