Wall Street Bonuses Surge with Up to 35% Increases

Wall Street is set to see a significant increase in year-end bonuses after two years of decline, with projections indicating a rise of up to 35% for investment bankers in debt underwriting and 15-25% for those in equity underwriting. This surge is attributed to a strong year for the financial industry, marked by record highs in the S&P 500 and a booming private credit market. However, retail and commercial bankers may see smaller bonuses due to weaker loan demand and tighter standards, while commercial real estate remains stagnant. The impact of upcoming policy changes from the new administration remains uncertain.