NYSEC profits are worth $90 billion! Goldman Sachs (GS.US) has broken the quarterly record for the third time in a row, and Wall Street bonuses will reach a record high

The Zhitong Finance App notes that New York's trading and investment banking companies have ushered in a brilliant year, which is expected to bring record profits to the entire industry. Profits will exceed 90 billion US dollars at the current rate, and bonuses are expected to reach the highest level in history.

According to a report by New York State Comptroller Thomas Dinapoli, this annual profit estimate based on growth in the first half of 2026 will easily surpass last year's record of 65.1 billion US dollars. His office measures the brokerage business profits of NYSE member companies.

Dinapoli said that as long as there is no major economic turmoil, this generous amount of money should be converted into a record set of bonuses for financial practitioners in the entire industry in the new year, but he did not give specific figures.

Driven by financial market fluctuations and rising confidence in M&A transactions, Wall Street investment banks have reported record revenue in key business lines so far this year. Take Goldman Sachs Group as an example. It has broken the quarterly records for all banks' stock trading business for the third consecutive quarter.

Wall Street is poised to make a record $90 billion profit

According to the Dinapoli report, as far as the New York Securities industry is concerned, the first half of this year was the two strongest quarters on record, thanks to a 68% increase in underwriting revenue and a 16.4% increase in revenue from account supervision and consulting activities.

Wall Street's harvest year was a big boon for New York City and its job market. The number of people employed in the industry reached 207,400 in 2025, and the Comptroller General's Office expects to add 5,300 new jobs this year.

This is also “fat meat” for the state treasury. Through corporate and personal income taxes, the securities industry contributed at least $26.3 billion to New York State's 2025-26 budget, an increase of nearly 29% over the same period last year.

The Comptroller General's office said the risks associated with global conflict, inflation and artificial intelligence posed “growing concerns” for the industry and New York State.

“Given its growing contribution to the New York City and New York State tax base, once the industry falls into a slump, it poses a growing risk to public finances and the wider regional economy,” the report said.