Goldman Sachs and JPMorgan have each approved at least a 10% increase in their 2026 bonus pools for front-office bankers, reflecting stronger performance in M&A advisory and fixed-income trading. This marks the first double-digit boost since 2021, as both firms compete fiercely for top junior and senior dealmakers.

Goldman saw revenue growth in its Investment Banking and Global Markets divisions, driven by rebound in corporate advisory fees and higher client trading volumes. JPMorgan reported similar gains, enabling both banks to expand their compensation budgets without eroding profit margins significantly.

The enhanced bonus pools aim to curb attrition amid aggressive hiring by boutique advisory firms and fintech competitors. Both banks are emphasizing non-cash incentives and career development to complement cash payments and strengthen loyalty among high-performing bankers.