Wall Street bonuses apparently not where the money is.

This is industry focus.

Hi Fool's financial analyst, Michael Douglas, and I'm here with our senior baking

specialist John Maxwell John how are you doing I'm doing great and by the way not

where the money is I don't you wish that you were in on some of that even though they're a little bit lower this year

Yeah, I know not a not a not a not a not a not a

Not a bad deal for them overall so yeah let's let get straight to great straight to what I teased.

Wall Street bonuses in the trading desks down a little bit from last year at least

according to at least for a Citigroup and Bank of America.

John, what's the story here?

The story is that, is that, you know, going into the fourth quarter, things were

looking pretty good for the banking sector and for trading in particular.

But evidently, something went on in the markets.

There's a lot of volatility that was on it.

Typically, volatility is good, but evidently it was unexpected at least by a handful of

traders that Citigroup and Bank of America in particular,

according to the Wall Street Journal.

And as a result of that, it turns out that year-end bonuses for the entire year of 2014,

it looks like they're going to be down a little bit for Wall Street traders in particular at Citigroup and Bank of America in

particular.

But let's be clear, the bonuses are still probably going to be pretty generous relative to

what the average person on Main Street should expect to receive over the next

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