Quartz·2 min read·easy
Wall Street is on pace for record profits topping $90 billion, setting up a bonus boom
✦AI Summary
Wall Street firms are on track to achieve record profits exceeding $90 billion for the year, following a strong first-half performance. This financial success is expected to trigger a significant increase in employee bonuses.
Why it matters
The surge in financial sector profits serves as a key indicator of economic health and wealth distribution within the major financial hubs.
First-half profits of $45.9 billion already surpass New…
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