Wall Street to share Covid-era profits with its bankers

JPMorgan Chase

JPMorgan Chase and Goldman Sachs are reportedly planning to award their investment bankers with major bonuses in 2021, following a post-pandemic boom in deal-making.

JPMorgan is expected to boost its bonus pool for investment banking by about 40%, while Goldman Sachs may increase bonuses by as much as 50%, according to sources familiar with initial deliberations as quoted by Reuters.

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