Wall Street bonuses fell last year by the most since the financial crisis, dropping 26 per cent to an average of $176,000, according to a report out Thursday morning from the New York State comptroller.
A rocky stock market led to a dearth of deals for investment banks last year. Still, the drop was not as big as the plunge in Wall Street profits, which fell 56 per cent in 2022, according to the NYS comptroller.
The drop was the largest since the financial crisis, when year-end incentive payments fell 43 per cent.
Wall Street employment rose to 190,800 in New York state — the highest level in more than two decades, the comptroller said.
