Wall Street Banks Boost Bonuses Amid Record Profits and Strong Trading Revenue

Wall Street banks JPMorgan Chase, Goldman Sachs, and Bank of America have raised bonus pools for bankers and traders by at least 10% following a strong year for dealmaking and market activity. Trading revenue jumped 16% to $87.7 billion, while investment-banking revenue rose 12% to $25.7 billion. The higher payouts track a solid operating year for the largest U.S. banks, with cost discipline remaining a focus.