Goldman Bumps Up Pay Costs as Profit Notches Another Slump (2)

Goldman Sachs Group Inc. will probably see compensation costs climb by a percentage in the low-to-mid single digits even with the bank set to post another year of slumping profit.

The Wall Street giant will continue to pay based on the performance of its businesses, in a year in which trading held its ground and other pockets of the firm were hit by a slowdown, Chief Financial Officer Denis Coleman said at the bank’s financials conference Tuesday. Adjusted net income is expected to decline this year by about 25%, according to analysts surveyed by Bloomberg.

Goldman’s top leaders have focused ...