Week of 10/30/2024: Director Bonus Watch: News You Need to Know

💼 Wall Street’s Record-Breaking Earnings? Not Everyone's Impressed... 💼

Yes, the headlines are full of big wins, with Wall Street firms reporting stellar investment banking earnings. But our client conversations tell a different story. 🌐

In this edition, get more earnings' news from Citi and Barclays and see what the NY State Comptroller Report reveals. 👀

If your bonus isn’t shaping up to hit that 25%+ mark this year, it might be time to ask why. Let's dive in and get you the rewards you deserve. 💸 Let’s talk. 📈

Wall Street Year-End Bonuses Forecast

• New York State Comptrollers Office Report
• 7% rise, the first increase in two years 

Citi Earnings

• Banking revenue increased 16% Y/Y to $1.6 billion
• $25 billion private credit partnership with Apollo Global

Barclays Earnings

• Investment Banking fee income was up 67% 
• Advisory fees were up 146%
• Investment-grade and leveraged finance was up 9%

🗣️Let's talk: mike@mikemittleman.com