Saturday, October 12, 2024

State Comptroller Thomas P. DiNapoli's Weekly News

 



Weekly News Header 590x202

Wall Street’s First Half 2024
Profits Total $23.2 Billion

Wall Street play button

Wall Street’s $23.2 billion in pretax profits for the first half of 2024 were a dramatic 79.3% increase over the same period last year and buoyed by securities trading, underwriting, and other activities. Annual profits are currently on track to close out the year much stronger than 2023, according to State Comptroller DiNapoli’s annual report examining the performance of New York City’s securities industry.

“After record years during the pandemic, Wall Street’s profits were more in line with pre-pandemic levels in 2022 and 2023,” DiNapoli said. “This year has been very strong so far and profits may continue their upward trajectory, to exceed 2023 levels and boost State and City tax revenues. Still, there are many international and domestic uncertainties that pose risks to the industry in the final months of 2024 that my office will be monitoring closely.”

Read More
Watch Video


State Comptroller and CSEA Delegates
 
State Comptroller speaking at a podium

State Comptroller DiNapoli recently attended the Civil Service Employees Association (CSEA) delegates meeting in New York City and the Retired Public Employees Association’s (RPEA) annual meeting in Averill Park, NY.

ALSO IN THE NEWS THIS WEEK

Note: Some news links may require a paid subscription. 

Post of the Week
Tom DiNapoli @NYSComptroller 

Staff with State Comptroller DiNapoli for Breast Cancer Awareness Month

No comments:

Post a Comment