Wall Street's trading and investment banking businesses are growing strongly, with industry profits expected to surpass $90 billion this year, setting a new record, and bonus pools projected to reach all-time highs.

According to a report from New York State Comptroller Thomas DiNapoli, based on the growth momentum in the first half of 2026, full-year industry profits will easily exceed last year's record of $65.1 billion. His office tracks the brokerage trading profits of New York Stock Exchange member firms.

DiNapoli stated that absent a major economic shock, such earnings performance should deliver record bonuses to financial professionals across the industry in the new year, though he did not provide a specific figure.

Driven by heightened market volatility and renewed confidence in mergers and acquisitions, major Wall Street financial institutions have already signaled record revenues across several core businesses this year. Goldman Sachs Group Inc (NYSE: GS), for example, posted its third consecutive quarterly record high in its equities trading business.

DiNapoli's report noted that for New York's securities industry, the first half of this year represented the strongest consecutive two quarters on record. Underwriting revenue rose 68%, while account management and advisory revenue grew 16.4%.

Wall Street's strong performance will also benefit New York City and its job market. The industry employed 207,400 people in 2025, and the Comptroller's office expects an additional 5,300 positions this year.

This will also boost New York State's fiscal revenue. In fiscal year 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 the prior year.

However, the Comptroller's office noted that global conflicts, inflation, and AI-related risks are becoming "increasingly concerning" issues for the industry and New York State.

The report said: "As the securities industry's contribution to the tax base of New York City and New York State continues to rise, the risks posed to public finances and the broader regional economy in the event of a downturn also increase accordingly."