NYS Office of the Comptroller DiNapoli: $246,900 Average Bonus on Wall Street, up 6% in 2025

 

$49.2 Billion Bonus Pool Is New Record for NYC Securities Industry

Wall Street’s securities industry bonus pool reached a record $49.2 billion in 2025, up 9% from the previous year, while the average bonus rose 6% to $246,900, according to New York State Comptroller Thomas P. DiNapoli’s annual estimate. The increases reflect a rise of more than 30% in Wall Street’s profits, which totaled $65.1 billion in 2025.

“Wall Street saw strong performance for much of last year, despite all of the ongoing domestic and international upheavals,” DiNapoli said. “When Wall Street does well, it’s good for our state and city budgets, which are reliant on the industry’s significant tax contributions. However, we are seeing slower job growth, and geopolitical conflicts have global repercussions that pose extraordinary risks for the short- and long-term outlook on the financial sector and for broader economic markets.”

In 2025, strong trading activity, underwriting, and fees charged to manage client accounts drove profits and bonuses higher. When adjusted for inflation, however, the bonus pool peaked in 2006 at $53.7 billion.

Securities industry employment edged down slightly to 198,200 in 2025 from a 30-year high of 201,500 in 2024, according to preliminary data. However, the Office of the State Comptroller anticipates employment will be revised upward when annual data adjustments are made, showing modest growth, which is consistent with adjustments in recent years.

The city’s share of securities industry jobs nationally was about 17.9% in 2024, down from roughly one-third in 1990, but still more than any other state. New York City remains the nation’s financial capital, although job growth has been faster in some other parts of the country. DiNapoli estimates 1 in 13 jobs in the city is either directly or indirectly associated with the securities industry.

The average annual salary in the city’s securities industry rose 7.3% to $505,677 in 2024, including bonuses. It is the industry’s second-highest salary on record, and nearly five times the average salary in the rest of the city’s private sector. Bonuses accounted for about 42% of securities industry wages.

Wall Street was responsible for 20.2% of all economic activity in the city in 2024.

It accounted for 19.4% of the state’s tax collections in State Fiscal Year (SFY) 2024-25 and 8.4% of city tax revenue in City Fiscal Year (FY) 2025. DiNapoli estimates the 2025 bonuses should generate $199 million more in state income tax revenue and $91 million more for the city when compared to the previous year.

The Governor’s proposed budget assumed bonuses in the state’s broader finance and insurance sector would increase by 25.9% in SFY 2025-26, while the city’s FY 2026 financial plan assumed an increase of 15.1% in the city’s securities industry bonuses. Based on DiNapoli’s estimate, tax revenue from the bonuses may fall short of expectations for the current fiscal year.

Methodology

DiNapoli’s office releases an annual estimate of bonuses paid during the traditional December through March bonus season to securities industry employees who work in New York City. Bonuses paid by firms to their employees located outside of New York City, whether in domestic or international locations, are not included. The State Comptroller’s 2025 estimate is based on personal income tax withholding trends and includes cash bonuses paid for work performed in 2025 and bonuses deferred from prior years that have been cashed in. The estimate does not include stock options or other forms of deferred compensation for which taxes have not been withheld. 

Charts

Bonus Pool Chart from 1996 to 2025

Annual Profits and Employment Chart

Related Work

Report

The Securities Industry in New York City, October 2025

Dashboard

Securities Sector Industry Dashboard

Housing Lottery Launches for 773 East 183 Street in Belmont, The Bronx

 

The affordable housing lottery has launched for 773 East 183 Street, an eight-story residential building in Belmont, The Bronx. Designed by Victor M. Torres and developed by David Lumaj & Vjollca Lumaj, the structure yields 34 residences. Available on NYC Housing Connect are seven units for residents at 80 percent of the area median income (AMI), ranging in eligible income from $75,840 to $116,640.

Amenities include assigned parking spaces, bike storage lockers, recreation room, recycling center, and green space. Residences are equipped with air conditioning, smart controls for heating and cooling, intercoms, and name-brand kitchen appliances, countertops, and finishes. Tenants are responsible for electricity which includes stove, hot water, and heat.

At 130 percent of the AMI, there are five studios with a monthly rent of $2,000 for incomes ranging from $75,840 to $103,680; and two one-bedrooms with a monthly rent of $2,092 for incomes ranging from $81,326 to $116,640.

Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than April 3, 2026.

DHS Calls on the Public to Report Sightings of Illegal Alien and Suspect of Hit-and-Run that Killed a 68-Year-Old in Morristown, New Jersey

 

If you have information on the whereabouts of Wilson Adrian Morocho-Necta, contact the ICE Tip Line at 866-DHS-2-ICE (1-866-347-2423)

The U.S. Department of Homeland Security (DHS) released the following statement regarding Wilson Adrian Morocho-Necta, an illegal alien from Ecuador, who remains at-large and the lead suspect for leaving the scene of a hit-and-run in Morristown, New Jersey on March 20 that left a man dead.

According to reports, Morocho-Necta is accused of hitting a 68-year-old pedestrian, Justo Pilco-Tenesaca, and leaving him to die while pinned under a truck as he fled on foot from the scene.

Wilson Adrian Morocho-Necta

Morocho-Necta is an illegal alien from Ecuador who illegally entered the U.S. in 2019 via the southern border and was removed back to Mexico after being issued a final order of removal by a judge. He illegally re-entered the U.S. at an unknown place and time.

“We are calling on the public to report any sighting of Wilson Adrian Morocho-Necta. This illegal alien is the lead suspect in a hit and run that killed Justo Pilco-Tenesaca and remains at large,” said Acting Assistant Secretary Lauren Bis. “If anyone has information on the whereabouts of this illegal alien, thye should immediately contact ICE at 866-DHS-2-ICE.”

Morocho-Necta is at-large. Americans can report tips to our brave law enforcement to help keep their communities safe by contacting our ICE Tip Line: 866-DHS-2-ICE (1-866-347-2423).

Dothan, Alabama Man Sentenced to 30 Years in Meth Trafficking Case

 

On March 24, 2026, a federal judge sentenced 38-year-old Larenta Deshawn Dawkins, of Dothan, Alabama, to 360 months in prison for possession with intent to distribute methamphetamine, announced Acting United States Attorney Kevin Davidson and Special Agent in Charge Steven L. Hofer of the Drug Enforcement Administration's New Orleans Division. Following his term of imprisonment, Dawkins will serve five years of supervised release. There is no parole in the federal system.

“Drug traffickers who bring dangerous narcotics into our communities will be identified, investigated, and prosecuted,” said Acting U.S. Attorney Davidson. “This sentence reflects our commitment to holding accountable those who profit from the distribution of methamphetamine.”

“Thirty years in federal prison, without the possibility of parole, is a definitive message to those who think they can use Alabama as a hub for their illicit trade,” said Special Agent in Charge Hofer. “By working side-by-side with the Dothan and Eufaula Police Departments, we successfully intercepted five pounds of methamphetamine before it could destroy more lives in our neighborhoods. Whether the poison is shipped from out of state or hidden in a local storage unit, we will find it, and we will ensure those responsible face the full weight of federal justice.”

According to court records and evidence presented at Dawkins’s December 2025 trial, law enforcement began investigating suspected drug trafficking activity in Houston County in July 2024. Investigators determined that Dawkins was receiving packages in Dothan containing methamphetamine shipped to Alabama from out of state. Further investigation revealed that Dawkins used a storage unit in Dothan to store the drugs after receiving them.

During the execution of a search warrant at the storage unit, investigators recovered two boxes containing approximately five pounds of methamphetamine, along with three bags of marijuana. Agents later obtained and executed a search warrant at Dawkins’s residence, where they seized numerous items linking him to the storage unit and the narcotics.

DOJ Sues California Towing Company for Illegally Auctioning Servicemembers’ Vehicles

 

The Justice Department today filed a lawsuit against S & K Towing, Inc., which is based in San Clemente, California, alleging that the company violated the Servicemembers Civil Relief Act (SCRA) by illegally auctioning motor vehicles owned by members of the military.

The Department’s lawsuit alleges that, from August 28, 2020, through April 15, 2025, S & K illegally sold or disposed of as many as 148 vehicles owned by servicemembers, many of which were towed from Marine Corps Base Camp Pendleton.  Even though S & K’s contract with Camp Pendleton required it to comply with all applicable federal and state laws, the company made no effort to comply with the SCRA, which requires tow companies to obtain a court order before selling or disposing of a vehicle owned by an SCRA-protected servicemember.

“Towing companies must respect and abide by the federal laws that protect members of our Armed Forces,” said Assistant Attorney General Harmeet K. Dhillon of the Justice Department’s Civil Rights Division. “Servicemembers are often absent for extended periods due to training and deployments and may not know that their vehicle has been towed. The SCRA plays an important role in providing these servicemembers with adequate legal protections, including notice and the opportunity to have towing and storage fees adjusted in light of their military service.”

“Servicemembers deserve peace of mind in knowing that their legal rights will be protected at home while they are away serving the United States,” said First Assistant United States Attorney Bilal A. Essayli for the Central District of California. “It is unacceptable for a business to sell or dispose of servicemembers’ vehicles without abiding by the laws that protect servicemembers.”   

In May 2024, a Military Legal Assistance attorney contacted S & K Towing and explained that the company was violating the SCRA. In response, a manager at S & K Towing told the attorney that “We do this all the time.” After this exchange, S & K Towing continued to sell and dispose of vehicles owned by SCRA-protected servicemembers without obtaining court orders. Some of the vehicles S & K sold or disposed of were registered to addresses on Camp Pendleton. In other cases, S & K auctioned vehicles even after they were told that the owner was in the military. 

This case is being handled by the Civil Rights Division’s Housing and Civil Enforcement Section and the U.S. Attorney’s Office for the Central District of California. Since 2011, the Department has obtained over $484 million in monetary relief for over 149,000 servicemembers through its enforcement of the SCRA. For more information about the Department’s SCRA enforcement efforts, please visit www.servicemembers.gov.

Servicemembers and their dependents who believe that their rights under the SCRA may have been violated should contact the nearest Armed Forces Legal Assistance Program Office. Office locations can be found at legalassistance.law.af.mil.

Nos Quedamos Inc. - We’re Showing Up!

MESSAGE FROM THE CEO

From Conversation to Action: 

Protecting What Our Communities Built

At Nos Quedamos, staying active in policy conversations isn’t optional—it’s essential. The decisions being made today directly impact whether our communities can remain stable, affordable, and rooted for generations to come. That’s why we continue to show up, speak out, and push for solutions that reflect the real needs of the residents we serve.

This month, we participated in ANHD’s Affordable Housing Preservation roundtable with HPD Commissioner Dina Levy, an important opportunity for a frank and open dialogue on the challenges facing distressed, nonprofit-owned housing and what it will take to secure its future. We raised critical concerns around underwriting barriers, the need for accessible operating funds, and the importance of investing in CDC-owned buildings. These investments are about more than buildings, they sustain the services, programs, and community infrastructure that residents rely on every day.

We also brought this advocacy to Bronx Day in Albany, standing alongside Bronx-based partners and elected officials to elevate the urgency of preservation and its borough-wide impact. Being present in these spaces ensures that our communities are not left out of the decisions that shape their future.

Our work doesn’t stop at the table. Nos Quedamos will continue to push for equitable policies, fight for the resources our communities deserve, and hold systems accountable. Staying engaged means staying prepared—and we remain committed to protecting the affordability, stability, and cultural identity of the neighborhoods we call home. 

Meet the Future of Melrose:
Cohort 5 Youth Organizers Step In

Earlier this month, we proudly welcomed our newest cohort of Youth Organizer Interns, who kicked off their journey with onboarding and a deep dive into the work of Nos Quedamos. Over the coming months, they will support community engagement and organizing efforts while contributing to projects across the Melrose community in the South Bronx. We extend a special thank you to Con Edison for their continued support in making these opportunities possible for the next generation of community leaders.

Our interns are especially excited to:

• Gain hands-on experience in public policy and environmental justice

• Deepen their understanding of community-based work in action

• Build skills to strengthen and give back to their communities

We’re thrilled to have them on board and look forward to seeing their growth. Stay tuned for their work and final presentations at our upcoming Annual Youth Symposium and be sure to follow us on Instagram for updates!

Big Laughs. Big Community. Big Celebration

Mark your calendars for October 30, 2026, and get ready to come together, celebrate, and share some laughs at We Stay/Nos Quedamos Day!

This year, we’re bringing the community together for a special comedy show featuring three well-known comedians, guaranteed to be a night full of joy and connection.

Stay tuned for more details coming soon and we can’t wait to celebrate with you!

HAPPENING THIS SATURDAY Assemblymember John Zaccaro, Jr.'s Annual Easter Egg Hunt

 

Friends & Neighbors, 

 

HAPPENING SATURDAY! Get out those Easter baskets, fancy hats, and pastel colors. It’s time for our annual Pelham Parkway Easter Egg Hunt!

 

This year, we’re thrilled to bring you an afternoon filled with music, games, face painter, popcorn, and of course, lots of Easter eggs. Here are the details: 

 

WHEN: Saturday, March 28, 2026 THIS SATURDAY

WHERE: Pelham Parkway Greenway (across from Peace Plaza)

TIME: 11:00AM - 2:00PM

 

Events like these are what makes our community so special. Come out, enjoy the afternoon, and spend time with old and new friends. 

 

Looking forward to seeing everyone then! 

 

In Gratitude, 

John Zaccaro, Jr.

ICE Lodges Arrest Detainer for Mexican Criminal Illegal Alien Charged with Laundering Millions of Dollars in Narcotics Trafficking

 

The U.S. Department of Homeland Security (DHS) today released the following statement regarding U.S. Immigration and Customs Enforcement (ICE) lodging a detainer for the arrest of Jose Alonso Paramo-Arguello, a criminal illegal alien from Mexico, charged with laundering millions of dollars from drug trafficking.

On March 18, 2026, the Justice Department announced money laundering charges against Paramo-Arguello. According to the U.S. Attorney’s Office of Oregon, from January 2, 2024, through December 3, 2025, Arguello’s three money service businesses transferred more than $13 million in wire transfers of $500 or more to Mexico, an amount often indicative of narcotics trafficking. Of that, over $7 million was sent to locations in Mexico associated with narcotics trafficking.  

The Internal Revenue Service, Criminal Investigation provided an informant with cash to attempt to wire money to Mexico. The informant told Arguello he was a drug dealer to which Arguello responded, “You sell whatever you want, you’re a merchant, period.” From November 2025 through January 2026, Arguello laundered over $45,000 in what the informant represented as drug trafficking proceeds through 22 wire transfers. While doing so, Arguello received a 10% commission to launder the funds. Arguello referred to this commission as a bribe.

Paramo-Arguello illegally snuck into the United States and was deported in May 2003. He chose to illegally re-enter the country through the border at an unknown date and time—a felony—and has no status to be here in the United States.

"On March 18, 2026, Jose Alonso Paramo-Arguello, a criminal illegal alien from Mexico, was charged with laundering millions in narcotics trafficking proceeds to Mexico. He was issued a voluntary return in 2003 and chose to commit a felony by illegally reentering the United States,” said a DHS Spokesperson. “ICE has lodged a detainer with the U.S. Marshals Service so this criminal illegal alien will never be released into the United States. Under President Trump and Secretary Mullin, we will not allow drug traffickers to profit off killing our children and grandchildren.”

The Homeland Security Task Force (HSTF), which is comprised of the Federal Bureau of Investigations, Homeland Security Investigations, Drug Enforcement Administration, U.S. Marshals Service, and other government law enforcement agencies, made the arrest of Paramo-Arguello. ICE lodged a detainer with the U.S. Marshals to ensure this criminal illegal alien is removed from the U.S. and not released back onto American streets.