employee payouts after the global pandemic spurred an avalanche of trading activity and sent revenues soaring. At Bank of America Corp., plans to keep the bonus pool for sales and trading at last year’s level disappointed some staff.
Citigroup Inc. will leave the overall pot unchanged for equities, while boosting it for bond traders by at least 10%. More-generous increases approaching 20% are under discussion at JPMorgan Chase & Co.
and Goldman Sachs Group Inc., but even within those firms, bonuses will probably vary widely.“The general tone across the Street is somewhat pessimistic," said Paul Sorbera, president of Wall Street executive search firm Alliance Consulting in New York.