But it's not all good news.
That’s the year-end projection from compensation consultant Johnson Associates Inc. after sedate markets helped boost business at investment banks. Fees from advising on mergers and selling stocks and bonds for companies rose at four of the five biggest firms last quarter, offsetting lower trading results. Bankers who underwrite equity and debt will probably see annual bonuses surge 10 percent to 20 percent or more, while those in retail and commercial banking can expect raises of 5 percent to 10 percent.
Their colleagues in equities trading may see yearly incentives remain flat or fall as much as 5 percent, according to estimates Johnson released Wednesday. Fixed-income traders may fare a bit better, with potential bonus gains of as much as 5 percent.
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