State Comptroller Tom DiNapoli has issued a concerning report, predicting a drop in Wall Street's profits this year compared with 2022. 

According to his analysis, the financial sector may see a decline of about $1 billion. DiNapoli elaborated on these findings during an interview on "Mornings On 1" Thursday. 

He noted several factors for the potential profit decrease, including the Federal Reserve's decision to combat inflation by raising interest rates.