Bond Traders at JPMorgan Chase, Citigroup See Shrinking Bonus Pools

Bond traders at JPMorgan Chase and Citigroup face the quickest shrinking bonus pools on Wall Street this year.
Author:
Publish date:

Bond traders at JPMorgan Chase and Citigroup face the quickest shrinking bonus pools on Wall Street this year. Morgan Stanley investment bankers, on the other hand, are headed for the greatest gains with a large increase in revenue from advising on mergers and underwriting deals. JPM's fixed-income trading revenue fell 14% from January to September of this year - the biggest drop among the five largest Wall Street banks. Most of the big banks report third-quarter earnings in the coming weeks and bonuses will provide a sense of how they've done and how much they are allotting to bonus pools.

undefined