Reuters reveals Goldman, JPMorgan award bumper bonuses to top bankers

Reuters reported exclusively that Goldman Sachs and JPMorgan Chase, Wall Street’s premier investment banks, informed staff of bumper bonuses for 2021, following a record-breaking year for Wall Street dealmaking. Goldman Sachs increased its annual bonus pool for top-performing investment bankers by 40% to 50%. JPMorgan Chase, the largest U.S. bank, increased its annual bonus pool for top-performing investment bankers by 30% to 40%. Record levels of deal-making and trading activities have driven profit at investment banks this year as economic stimulus measures helped propel stock markets globally to all-time highs.