Wall Street Bonuses Likely to be Smaller This Year: Johnson Associates Analysis

“The pandemic is wreaking havoc on many parts of the U.S. economy this year, and the financial services industry is no exception,” said Alan Johnson, managing director of Johnson Associates…

Even with an optimistic vaccine view, the pandemic will continue to weigh on the economy in 2021, but likely to a lesser degree than in 2020, the firm projects…

“For 2021, we expect some stabilization with early projections for modest salary increases, and flat to slightly increased incentives,” he said.

Seeking Alpha / November 15, 2020

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