Wall Street

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Bank earnings are coming, and they're going to be huge

Skyscrapers - Wall Street

As Wall Street's financial giants get set to report first-quarter earnings and provide a look ahead for the days to come, hopes are high. Corporate profits overall are expected to have risen 17 percent for the three-month period, but the financial sector has drawn especially keen interest.

Wall Street bonuses up - average pay out up 17%

Wall Street sign

Securities industry profits rose dramatically in 2017 for the second consecutive year and the average bonus paid to industry employees in New York City jumped 17% to reach $184,220 according to an estimate released Monday by New York State Comptroller Thomas P. DiNapoli.