Wall Street's 2009 Largest Bonus Payouts: BofA, JPMorgan, Goldman (BAC, JPM, GS)

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Once again 2009 witnessed record bonuses on Wall Street including the big winners Goldman Sachs (NYSE:GS), JPMorgan (NYSE:JPM), and Bank of America (NYSE:BAC).

JPMorgan Chase & Co. (JPM) said last month that it has set aside 33% of its total revenue, or $9.3 billion for its investment-banking employees for an average of $378,600 per person.

Bank of America Corp. (BAC) will pay out more than $4 billion in 2009 pay to its investment bankers and traders, working out to an average of $300,000 to $500,000 for the year.

Goldman Sachs (GS) reported a record profit of $13.4 billion in 2009. The firm's $16.2 billion compensation pool for 2009, which includes pensions and other benefits, translates to nearly $500,000 an employee.

Watch the attached video of New York State Comptroller Thomas DiNapoli talking with Bloomberg's Betty Liu about the rise of Wall Street bonus pay in 2009 as the securities industry rebounded from the financial crisis. (Bloomberg)

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