Newsday - Wall Street bonuses fall 26% to $176,700 on average

State Comptroller Thomas P. DiNapoli said an estimated $33.7 billion in Wall Street bonuses were paid between December and this month for work performed in 2022, compared with a record $42.7 billion in bonuses for 2021. Credit: Jeff Bachner

JamesTMadore
Updated March 30, 2023 6:42 pm

Bonuses earned last year by Wall Street employees fell 26% to $176,700 on average as rising interest rates and fears of a recession reduced the fees collected by securities firms, according to a report released on Thursday by state Comptroller Thomas P. DiNapoli.

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