Comptroller finds Wall Street profits surging, with impacts for state, city budgets

Wall Street profits increased more than 79 percent in the first of half of the year compared with the same period last year – and annual profits are expected to finish the year much stronger than 2023’s mark. That’s according to a new report from New York State Comptroller Tom DiNapoli. The Democrat says the upward trends will help boost state and New York City tax revenues. DiNapoli spoke with WAMC’s Ian Pickus.

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