Bank of America bonuses for investment bankers to rise about 10%, source says
1. Bank of America's investment banking bonus pool likely to rise 10%. 2. Increasing bonuses may enhance retention but impact cost efficiency.
FAQ
Why Bullish?
Higher bonuses can attract talent, positively influencing productivity and revenues, similar to past trends seen at major banks.
How important is it?
The article suggests potential positive revenue growth due to increased investment banking efficiency.
Why Short Term?
Immediate impact expected as higher bonuses could lead to stronger performance in upcoming quarters.