Some Wall Street bankers could see their bonuses jump 25%. But there’s one job where payouts will shrink

Good morning. Big Wall Street bonuses could be making a comeback this year from a multi-year downward trend. An industry analysis released this morning by Johnson Associates, Inc., a New York-based compensation consulting firm, projects debt underwriters at investment banks will see their year-end 2024 incentives (cash bonuses and equity awards) increase 15%-25%, compared to 2023. Equity underwriters and fixed income trades could see a 10%-20% bump. “Most sectors will rebound on higher revenues year over year,” according to Christopher Connors, a principal at Johnson Associates. Following a poor 2022,...