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New York State Auditor General Thomas Dinapoli released a report saying that based on growth estimates for the first half of 2026, New York trading and investment banking institutions will usher in a big year of performance this year, and industry profits are expected to exceed 90 billion US dollars, greatly surpassing last year's historical record of 65.1 billion US dollars. This statistic targets the brokerage trading business profits of NYSE member brokerage firms. Dinapoli said that without major economic turmoil, this huge profit would be converted into a record year-end bonus for financial industry workers, but no specific amount was given. Driven by market fluctuations and a recovery in confidence in mergers and acquisitions transactions, Wall Street agencies have shown a record trend in core business line revenue this year. For example, Goldman Sachs Group's stock trading business hit a record high in the banking industry's quarterly history for three consecutive quarters.
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New York State Auditor General Thomas Dinapoli released a report saying that based on growth estimates for the first half of 2026, New York trading and investment banking institutions will usher in a big year of performance this year, and industry profits are expected to exceed 90 billion US dollars, greatly surpassing last year's historical record of 65.1 billion US dollars. This statistic targets the brokerage trading business profits of NYSE member brokerage firms. Dinapoli said that without major economic turmoil, this huge profit would be converted into a record year-end bonus for financial industry workers, but no specific amount was given. Driven by market fluctuations and a recovery in confidence in mergers and acquisitions transactions, Wall Street agencies have shown a record trend in core business line revenue this year. For example, Goldman Sachs Group's stock trading business hit a record high in the banking industry's quarterly history for three consecutive quarters.
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