Wall Street bonuses are expected to rise for the second year for traders and investment bankers on surging deal volume and market volatility, according to financial compensation consultancy Johnson Associates.

Stock valuations — seen by many as flying too close to the sun — took a hit on Tuesday after a chorus of bank execs spoke up to throw their weight behind that view. Chief among them were Morgan Stanley CEO Ted Pick and Goldman Sachs CEO David Solomon.

Johnson Associate predicted chunkier pay-outs last year after the US economy began to roar back into life after three years of COVID-inspired, debt-laden economic malaise

Wall Street's optimism going into 2025 looks like it was right on the money. Most everyone's year-end bonuses, which will be doled out early next year, are going up. That's according to projections published Wednesday from compensation consulting firm Johnson Associates.

Major financial services firms such as Goldman Sachs, JPMorgan Chase, and Wells Fargo have expanded operations in Dallas, Texas, where the firms have thousands of workers.

CEOs of Wall Street heavyweights Morgan Stanley and Goldman Sachs on Tuesday cautioned that equity markets could be heading toward a drawdown, underscoring growing concerns over sky-high valuations.

Palantir stock sold off after earnings despite solid results, while comments from bank CEOs have raised concerns about a more severe pullback.

Congress considers ending Daylight Saving time again after former House Speaker Nancy Pelosi failed to advance the 2017 Sunshine Protection Act.