Wall Street firms are expected to pay heftier bonuses for this year, the first increase since a bumper year in 2021, according to a report by compensation consultancy Johnson Associates.

Investment bankers in the debt-issuance business could see their bonuses rise by as much as 35%, as Wall Street banks are expected to increase bonuses for most for the first time in three years. A surge in corporate debt issuance has fueled increased revenue for bankers,

Johnson Associates is predicting Wall Street bonus increases of as much as 35% as dealmaking resumes. See who's in line for the biggest bumps.

Wall Street bonuses are expected to be extra fat this year, with annual payouts of as much as 35% in some business groups, led by bond and stock underwriting. Not only is this the first time since 2021 that year-end bonuses will increase industrywide,

Investment bankers, traders and asset- and wealth-management professionals are all poised to see increases reaching into the double digits.

Wall Street is preparing for higher bonuses for the first time since 2021, with underwriters and traders getting the biggest pay boosts for 2024 performance.