Wall Street Bonuses Surge with Underwriters Leading Gains

Wall Street bankers are set to receive up to a 35% increase in bonuses this year, driven by a recovery in corporate deals, stock sales, and debt transactions. The potential for even higher payouts is anticipated under a second Trump presidency, which is expected to foster a pro-deregulation environment. Debt deal bankers are likely to see the largest bonus increases, as global fees from debt capital markets have surged. The financial services industry is optimistic about 2025, with lower interest rates and increased dealmaking activity.