/Wall Street Profits Up In 2018, But Average Bonus Falls

Wall Street Profits Up In 2018, But Average Bonus Falls

Wall Street profits and employment finished 2018 on a high note, despite the markets’ steepest losses since the financial crisis, according to estimates by the New York State Comptroller’s office released Tuesday.

Securities industry profits were up 11% last year, compared with 2017, according to the report. Wall Street employment in New York City increased by 4,700 workers to 181,300 jobs, the highest level in a decade.

“Even…