Bloomberg News reports that the chart shown on their article shows the accrual has gotten smaller for three straight years, falling to $8.43 billion, according to figures the New York-based firm released Tuesday.
It’s still enough to pay each of the division’s employees an average $163,420 for three quarters. Actual pay varies widely, reflecting employees’ roles and seniority.
Wall Street traders and bankers focus on bonus pools this month to get a sense of how much firms may allot at the end of the year. JPMorgan increased the percentage of revenue it set aside for pay to 32% from 31% last year at the corporate and investment bank, a segment it established for reporting purposes in 2012.
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