Comptroller Thomas DiNapoli: Wall Street Is Doing Kinda/Sorta Better Than You
Whether you're a part of the 47 Percent, the 99 Percent, the 1 Percent or some other slogan-driven demographic, this news should not surprise you: Wall Street is making a ton of money. Actually, it had its 5th best start of all time, doubling its profits from last year. In 2012 alone, the securities industry has a projected net profit of about $15 billion by the end of this year and it's already made $10.5 billion or so; in 2011, this number was around $7 billion or so, partly due to the economic turbulence in continental Europe.
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