Wall Street firms made $27 billion last year. That's the biggest haul since 2010

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Wall Street firms made $27 billion last year. That's the biggest haul since 2010
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Wall Street firms made $27 billion last year. That's the biggest haul since 2010.

The securities industry hauled in $27.3 billion in pretax profits last year, up 11% from 2017, according to the office of New York State Comptroller Thomas DiNapoli.Profits at Wall Street firms have nearly doubled since 2015 -- despite complaints of excess red tape from regulators seeking to avoid a repeat of the last crisis. The industry lost $42.6 billion in 2008, a year marked by the fire sale of Bear Stearns to JPMorgan Chase and the implosion of Lehman Brothers.

The New York State Comptroller's annual estimate of bonuses only includes payouts to employees who work in New York City. Bonuses paid to employees located elsewhere are not included. Wall Street continues to increase its payroll after sharp job cuts following the crisis. The industry's headcount rose by 4,700 last year to 181,300, the highest level since 2008.

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