I believe this is an important aspect of our economy to look at. How are the employees of banks faring? If they are doing well, likely the bank is not struggling. I want you to think about that. Some buzz words for you to research today: Rate Hike
Inflation
Transitory [in relation to Inflation]
Overnight Loans
Funds Rate
Private Market - Federal Funds Market Money Markets
Commercial Loans
Leif.//
Published: Jan. 7, 2022 at 9:19 a.m. ET
By Steve Gelsi
U.S. investment bankers are expected to earn larger bonuses at Wall Street firms such as Goldman Sachs Group Inc. GS, 0.70%, Bank of America Corp. BAC, 2.08%, Morgan Stanley C, 2.33%, JPMorgan Chase & Co. JPM, 0.54%, Citigroup Inc. C, 2.33% and Wells Fargo & Co. WFC, 2.52%, according to a report Friday by efinancialcareers.com. One JPMorgan Chase executive told the publication that the bank's revenues on some business lines are up 60% to 80%, so most bankers expect a bonus increase of 30% to 40%. Bloomberg and the Financial Times have reported recently that bonuses at Goldman Sachs and JPMorgan could be up in the neighborhood of 40% to 50%. The big Wall Street banks typically announce internal bonuses along with their fourth-quarter results, which are due out in the next two weeks. Shares of Goldman Sachs are up 46.5% in the past 12 months, while JPMorgan Chase shares have risen by 31.7%. The two stocks are components of the Dow Jones Industrial Average, which has gained 19.2% in the past 12 months.