Wall Street bankers can once again reap strong returns from sharp market fluctuations. According to the forecast of compensation consulting agency Johnson Associates, bonuses for investment banking and commercial banking practitioners are expected to increase by 10% to 15%, or even higher due to superior performance in other sectors of the financial industry. Bonus increases for stock traders and investment bankers engaged in mergers and acquisitions advice are expected to increase even more. Prior to the release of this forecast, major US banks had just announced record second-quarter results, and strong stock trading, financial advisory, and underwriting operations were the main drivers. Alan Johnson, managing director of Johnson Associates, said in an interview, “The bank's overall performance has been good, but we had anticipated that the transactions and mergers and acquisitions business would cool down, but it turned out not. These businesses remain strong and continue to perform well.”

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