Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Exclusive: Morgan Stanley to award 20% bonuses to top performers

Exclusive: Morgan Stanley to award 20% bonuses to top performers

Morgan Stanley (MS.N) will raise its annual bonus for top-performing staff on Thursday by more than 20%, people with direct knowledge of the matter said, with a dealmaking boom to usher in bumper payouts by banks this year.

Bankers in equity underwriting and M&A advisory businesses are expected to receive some of the highest increases at the Wall Street firm due to the strong performances of those divisions over the past year, said two of the sources.

Investment banks globally adjust their bonus pools according to business momentum. Higher bonuses help them to retain talent in a cutthroat competitive business environment.

Staff at Morgan Stanley will be informed of their bonus payouts on Thursday, kicking off the busy and much-awaited annual bonus season, and then receive the cash in early February, the two sources said.

Morgan Stanley declined to comment.

The sources could not be named as the information was not yet made public.

Staff within M&A and equity capital market (ECM) divisions are anticipating bonuses up at least 15% on the previous year and, in some cases, up 20% or more, two separate sources within those businesses said.

Other businesses whose performance was less stellar will likely see flat or single-digit increases in their bonus pool, said one of the sources.

Top performers in M&A advisory and equities divisions will reap the rewards when the bank holds its "communications day" on Thursday, where staff are informed about 2021 bonuses and promotions, the first two sources said.

The bonus payouts at Morgan Stanley are, however, likely to be lower than those at Bank of America Corp (BAC.N), which, according to a Bloomberg News report last week, is planning to increase the bonus pool for investment bankers by more than 40%.

Sales and trading operations at Bank of America could see a rise of more than 30% in bonuses on average, according to the report.

Goldman Sachs (GS.N), another beneficiary of the record wave of M&A activity and initial public offerings, will inform staff of their 2021 bonuses next Wednesday, according to sources familiar with the matter.

LEAGUE TABLES


Morgan Stanley's equity underwriting business has been one of its brightest spots over the past year.

Revenue at the division has surged on the back of bumper stock market listings and due to companies taking advantage of heightened market liquidity by issuing new shares.

Morgan Stanley ranks third in the global investment banking league table for fees, having earned $9.1 billion, up 28% in 2021 compared with the prior year, according to Refinitiv data.

JPMorgan (JPM.N) and Goldman Sachs topped the table, the data showed.

M&A advisory revenue has benefitted from global merger and acquisitions activity shattering all-time records during 2021.

Morgan Stanley topped Asia Pacific's M&A league table for announced deals and was No.3 globally, Refinitiv data showed.

In Asia Pacific, including Japan, the bank was third in the ECM league table, behind CITIC and Goldman, according to the data.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
European manufacturers against ban on polluting cars: "The industry may collapse"
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
Christian Brueckner Released from German Prison after Serving Unrelated Sentence
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
The conservative right spreads westward: a huge achievement for 'Alternative for Germany' in local elections
Pope Leo Warns of Societal Crisis Over Mega-CEO Pay, Citing Tesla’s Proposed Trillion-Dollar Package
Poland Green-Lights NATO Deployment in Response to Major Russian Drone Incursion
U.S. and China Agree on Framework to Shift TikTok to American Ownership
Le Pen Tightens the Pressure on Macron as France Edges Toward Political Breakdown
Czech Republic signs €1.34 billion contract for Leopard 2A8 main battle tanks with delivery from 2028
Penske Media Sues Google Over “AI Overviews,” Claiming It Uses Journalism Without Consent and Destroys Traffic
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
One in Three Europeans Now Uses TikTok, According to the Chinese Tech Giant
Could AI Nursing Robots Help Healthcare Staffing Shortages?
NATO Deploys ‘Eastern Sentry’ After Russian Drones Violate Polish Airspace
The New Life of Novak Djokovic
German police raid AfD lawmaker’s offices in inquiry over Chinese payments
Volkswagen launches aggressive strategy to fend off Chinese challenge in Europe’s EV market
France Erupts in Mass ‘Block Everything’ Protests on New PM’s First Day
Poland Shoots Down Russian Drones in Airspace Violation During Ukraine Attack
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Macron Appoints Sébastien Lecornu as Prime Minister Amid Budget Crisis and Political Turmoil
Vatican hosts first Catholic LGBTQ pilgrimage
Apple Unveils iPhone 17 Series, iPhone Air, Apple Watch 11 and More at 'Awe Dropping' Event
France joins Eurozone’s ‘periphery’ as turmoil deepens, say investors
France Faces New Political Crisis, again, as Prime Minister Bayrou Pushed Out
Nayib Bukele Points Out Belgian Hypocrisy as Brussels Considers Sending Army into the Streets
France, at an Impasse, Heads Toward Another Government Collapse
The Country That Got Too Rich? Public Spending Dominates Norway Election
EU Proposes Phasing Out Russian Oil and Gas by End of 2027 to End Energy Dependence
More Than 150,000 Followers for a Fictional Character: The New Influencers Are AI Creations
EU Prepares for War
Trump Threatens Retaliatory Tariffs After EU Imposes €2.95 Billion Fine on Google
Tesla Board Proposes Unprecedented One-Trillion-Dollar Performance Package for Elon Musk
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Big Tech Executives Laud Trump at White House Dinner, Unveil Massive U.S. Investments
Tether Expands into Gold Sector with Profit-Driven Diversification
‘Looks Like a Wig’: Online Users Express Concern Over Kate Middleton
Florida’s Vaccine Revolution: DeSantis Declares War on Mandates
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
"The Situation Has Never Been This Bad": The Fall of PepsiCo
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
The Fashion Designer Who Became an Italian Symbol: Giorgio Armani Has Died at 91
Putin Celebrates ‘Unprecedentedly High’ Ties with China as Gazprom Seals Power of Siberia-2 Deal
China Unveils New Weapons in Grand Military Parade as Xi Hosts Putin and Kim
Rapper Cardi B Cleared of Liability in Los Angeles Civil Assault Trial
Google Avoids Break-Up in U.S. Antitrust Case as Stocks Rise
×