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The Average Cash Bonus On Wall Street Is Now More Than $164,000

The Average Cash Bonus On Wall Street Is Now More Than $164,000
Reuters
**FILE** In this Oct. 10, 2008 file photo, a businessman, with a copy of the Financial Times newspaper under his arm, waits to enter the New York Stock Exchange in New York. Many Wall Street bankers and brokers are already scrambling to relocate their families, possessions and rarified talent to far-flung venues including Florida, Chicago, Milwaukee, Virginia, and Asia to find a job and get out from under an avalanche of layoffs. (AP Photo/Mark Lennihan, file)
**FILE** In this Oct. 10, 2008 file photo, a businessman, with a copy of the Financial Times newspaper under his arm, waits to enter the New York Stock Exchange in New York. Many Wall Street bankers and brokers are already scrambling to relocate their families, possessions and rarified talent to far-flung venues including Florida, Chicago, Milwaukee, Virginia, and Asia to find a job and get out from under an avalanche of layoffs. (AP Photo/Mark Lennihan, file)

NEW YORK (Reuters) - Wall Street's cash bonus pool rose 15 percent to $26.7 billion in 2013 as average cash bonuses hit the third highest on record at $164,530, New York state's comptroller said in an estimate on Wednesday.

"Wall Street navigated through some rough patches last year and had a profitable year in 2013. Securities industry employees took home significantly higher bonuses on average," Comptroller Thomas DiNapoli said in a statement.

"Although profits were lower than the prior year, the industry still had a good year in 2013 despite costly legal settlements and higher interest rates," he added.

(Reporting by Edward Krudy Editing by W Simon)

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