President Trump’s latest trade war threat is expected to come into effect this week, but businesses and investors remain unsure about how much it will hurt.

That is up 34% from last year’s bonus pool of $35.4 billion and the highest number since records began in 1987.

The bonus pool for New York City's securities employees hit a record $47.5B in 2024, up 34% Y/Y, marking its first major increase since COVID-19 pandemic highs, New York State Comptroller Thomas P. DiNapoli said on Wednesday in the office's annual estimate.

By DiNapoli’s reckoning, taxes on 2024 bonuses are adding $600 million to state coffers and $275 million to New York City. The Wall Street workforce swelled to 201,500, up from 198,400 in 2023 and passing the peak set in the year 2000.

Wall Street bonuses surged in 2024, averaging a record-breaking $244,700, according to new state estimates. That’s 31.5% higher than in 2023, according to state Comptroller Thomas DiNapoli. It’s part of an estimated pool of $47.

Wall Street bankers saw their bonuses rise more than 30% last year, according to a Wednesday statement from New York State Comptroller Thomas DiNapoli, contributing to a record high bonus pool lifted by a strong performance from Wall Street in 2024.

Bonuses on Wall Street surged to record highs last year, nearly quadrupling the average annual salary in the U.S.

That's how much the average Wall Street bonus was in 2024. The figure marks a 31% increase from $186,100 the prior year, according to a report from the New York state comptroller’s office. Wall Street bonuses have an outsized impact on New York City's economy and workers.