Wall Street is in for a sweet payday this year, but AI could mean leaner teams ahead

After a year defined by volatility and political uncertainty, Wall Street is heading into the holiday season on a high note — but it may be dampened by the existential threat of AI shaking up their jobs. Year-end bonuses are projected to rise across nearly every business line, according to a new report released Wednesday by compensation consultancy Johnson Associates, with traders being the big winners — who could see up to 25% increases — followed by mergers advisors and wealth managers. Only a handful of ...