Wall Street trading and investment banking are growing strongly, with industry profits this year expected to top $90 billion and bonuses also projected to reach a record high. According to Sina Finance, New York State Comptroller Thomas DiNapoli said a report from his office showed that, based on the growth momentum in the first half of 2026, full-year industry profits would easily exceed last year's record of $65.1 billion.

His office tracks brokerage trading profits at New York Stock Exchange member firms. DiNapoli said that, if there is no major economic shock, the earnings performance should bring record bonuses to financial workers across the industry in the new year, although he did not give a specific amount.

The report said the first half of this year was the strongest consecutive two-quarter stretch on record for New York's securities industry. Underwriting revenue rose 68%, while account management and advisory revenue increased 16.4%.

Strong Wall Street performance is also expected to benefit New York City and its labor market. The industry employed 207,400 people in 2025, and the comptroller's office expects another 5,300 jobs to be added this year.

That would also increase New York State tax revenue. In fiscal 2025-26, the securities industry contributed at least $26.3 billion to the state budget through corporate and personal income taxes, up nearly 29% from a year earlier.

The comptroller's office said global conflicts, inflation, and artificial intelligence-related risks are becoming increasingly concerning for the industry and for New York State. The report said that as the securities industry's contribution to the tax base of New York City and New York State rises, any downturn would also increase risks to public finances and the broader regional economy.