Bonuses in Wall Street up 20% as Stock Market almost Doubles in Two Years

Bonuses on Wall Street on average were $257,000 for 2021, 20% higher than the previous year, according to the New York Comptroller’s Office. The windfall was driven by a two-year stock market surge, as well as a rise in mergers and IPOs.

Goldman Sachs saw its stock price go from  approximately $190 per share to its current level of approximately $340 per share, as revenues  reached $65 billion. JP Morgan saw revenues of $58 billion and saw its stock rise from $98 per share to $140 per share in the same period.

Since March 20^th 2020, the low point of the COVID induced stock market decline in which stocks fell 34% in 33 days, the S&P 500 Index has risen 102%.

Average compensation for Wall Street workers was $438,370 per day while average compensation for private sector workers excluding finance was $92,315 per day.