Profits on Wall Street could top $60 billion this year if current trends continue, and those profits and bonuses could help generate higher-than-expected city and state tax collections, New York State Comptroller Tom DiNapoli said in a report Thursday.

DiNapoli said profits from the first half of 2025 increased 31% year-over-year, driven by increased trading activity. Trading revenues grew 73% over the same period last year, while commission income, AI-related dealmaking, and supervisory fees also contributed to higher profits. If the trend continues, profits could potentially reach a record level.

The securities industry earned $30.4 billion in the first half of 2025, a faster pace than last year, when full-year profits totaled $49.9 billion, the fourth-highest level on record, DiNapo

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