02:51 PM EST, 01/14/2025 (MT Newswires) -- Goldman Sachs ( GS ) is set to increase bonuses for dealmakers by as much as 15% as Wall Street banks aim to boost compensation to multiyear highs following a recovery in fee revenues in 2024, Financial News London reported Tuesday.

The payout increases will vary depending on division or seniority, with management expected to announce bonus payments as it releases its full-year results on Wednesday, according to the report, citing people familiar with the matter.

Final decisions on payments haven't been made yet, the report added.

Goldman Sachs' ( GS ) full-year results are expected to show a 24% increase in investment banking revenue to $7.7 billion, the report cited analyst estimates.

The bank did not immediately reply to MT Newswires' request for comment.

Goldman Sachs ( GS ) shares were up nearly 2% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 572.42, Change: +9.47, Percent Change: +1.68