Wall Street Bonuses to Take a Hit From This Year’s Trading Slump
- Johnson Associates predicts equity traders might get 15% less
- Underwriting, fixed-income bonuses are also likely to retreat
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The worst first half in a decade for Wall Street’s trading desks is poised to hit year-end pay.
Bonuses for equities traders could fall as much as 15% from a year earlier, while their fixed-income counterparts could see a 10% drop, according to a report released Tuesday from compensation consultant Johnson Associates Inc. It predicts total incentive compensation for investment and commercial banks will drop in 2019 -- the third time in the last four years -- on geopolitical and rate uncertainty.