If Goldman Sachs is any guide, the luster of Wall Street may be returning.
In a sign that the post-crisis cost cutting mentality on Wall Street may be ending, Goldman said it's total headcount increased 3% last quarter. And employees can expect big paychecks this year. The company's compensation and benefits for the quarter (which includes money set aside for bonuses) were $2.80 billion, 18% higher than the same three months in 2013.
Goldman capitalized on the wave of mergers and acquisitions activity over the summer, bringing in almost $600 million alone from fees earned by advising companies on such transactions.
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