UPDATE 1-Bank of America bonuses for dealmakers, traders are …

Jan 26, 2024 · Bank of America's bonus pool for investment bankers will range from steady to 3% lower for 2023 under pressure from a slowdown in dealmaking, but star performers will get higher payouts, according ...

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UPDATE 1-Bank Of America Bonuses For Dealmakers, Traders Are …

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Bank Of America Bonuses For Dealmakers, Traders Are Broadly Flat ...

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Jan 26, 2024 · Bank of America's bonus pool for investment bankers will range from steady to 3% lower for 2023 under pressure from a slowdown in dealmaking, but star performers will get …

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Bank Of America Bonuses For Dealmakers, Traders Are Broadly Flat

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Jan 26, 2024 · NEW YORK (Reuters) -Bank of America's bonus pool for investment bankers will range from steady to 3% lower for 2023 under pressure from a slowdown in dealmaking, but …

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Bank Of America Bonuses For Dealmakers, Traders Are Broadly Flat ...

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Bank of America declined to comment. The company posted record full-year sales and trading revenue of $17.4 billion, including zero days of trading losses in 2023. It also reported a pickup …

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Bank Of America Bonuses For Dealmakers, Traders Are Broadly Flat ...

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Jan 26, 2024 · By Saeed AzharNEW YORK (Reuters) -Bank of America's bonus pool for investment bankers will range from steady to 3% lower for 2023 under pressure from a …

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Bank Of America Bonuses For Dealmakers, Traders Are Broadly Flat

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Jan 26, 2024 · Bank of America's bonus pool for investment bankers will range from steady to 3% lower for 2023 under pressure from a slowdown in dealmaking, but star performers will get …

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Bank Of America Cuts Dealmaker Bonuses By 30% As Fees Are …

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Jan 25, 2023 · Bank of America has cut bonuses for its dealmakers by around 30% this year, as Wall Street banks squeeze pay after a year of tumbling investment banking fees. The US bank …

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Bank Of America Cuts Dealmaker Bonuses By 30% As Fees Are …

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Jan 25, 2023 · It has been a brutal bonus season for dealmakers at Wall Street banks, which communicate the payouts ahead of European rivals, with top dealmakers seeing pay packets …

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Bank Of America Bonuses For Dealmakers, Traders Are Broadly Flat ...

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Jan 26, 2024 · Bank of America's BAC bonus pool for investment bankers will range from steady to 3% lower for 2023 under pressure from a slowdown in dealmaking, but star performers will …

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FAQs about UPDATE 1-Bank of America bonuses for dealmakers, traders are … Coupon?

Do bank of America's traders and bankers deserve a bonus?

Bank of America's traders and bankers are expecting to get paid well in this year's bonus round. Today's results suggest they don't entirely deserve it. ...

Does Bank of America pay investment bankers a bonus in 2023?

The bank began informing investment bankers and traders about their 2023 bonuses on Friday, the source said. Discretionary compensation at Wall Street banks is highly variable. Bank of America declined to comment. ...

Why did Bank of America cut bonuses?

Bank of America has cut bonuses for its dealmakers by around 30% this year, as Wall Street banks squeeze pay after a year of tumbling investment banking fees. The US bank communicated staff bonuses on 25 January. Dealmakers and headhunters told Financial News that the pool was down by around a third. ...

What is the bank of America bonus?

The bonus points you receive depend on the balance in your Bank of America account: You'll earn 3.5 points per dollar when you use your Bank of America Premium Rewards for travel and dining (2 points per dollar + 75% bonus) if you have $100,000 in your account. ...

What happened to US bank staff bonuses?

The US bank communicated staff bonuses on 25 January. Dealmakers and headhunters told Financial News that the pool was down by around a third. In areas where performance has dropped further, notably equity capital markets and leveraged finance, bonuses were down by 50% compared to a year earlier, people familiar with the matter said. ...

Do BofA's investment bankers deserve it?

Today's results suggest they don't entirely deserve it. As the charts below show, BofA's investment bankers lost share relative to all U.S. rivals in M&A and equity capital markets (ECM), and underperformed all U.S. rivals except Citi in debt capital markets (DCM). ...