Wall Street Bonuses to Jump by Double Digits at Big Banks (1)

Atop Wall Street’s largest investment banks, executives are locking in plans to award traders and dealmakers their biggest bonus increases since the pandemic, with 10% hikes — or more — coming for many desks, according to people briefed on the plans.

At Bank of America Corp., that’s the average increase in store for investment bankers and traders handling stocks and fixed-income products, people with direct knowledge of the decisions said, asking not to be named discussing personnel matters. At Morgan Stanley and larger rival JPMorgan Chase & Co., bonuses will rise more than 10% for traders, people familiar ...