- Wall Street banks are preparing to communicate 2023 compensation to staff.
- Bonuses will likely be flat or down from last year, which was markedly disappointing.
- Business Insider compiled a schedule for when each big bank will tell employees what they made.
Starting this week, the nation’s biggest banks — from JPMorgan to Goldman Sachs, Citi, Morgan Stanley, Bank of America — will begin announcing year-end bonuses to staff.
Depending on how things shake out, the results can send financiers skipping down the hallway with glee or elicit such resentment that they walk out the door for good.
In 2021, it was the former — a banner year for M&A stuffed the pockets of Wall Street dealmakers. But 2022 saw a quick and steep downturn, making bonuses disappointing across the board — even those working in bright spots took a hit to keep others afloat.