Bank of America to award stock worth $1 billion to non-executive employees

< /><a id=” captionrendered=”1″ data-src=”https://etimg.etb2bimg.com/photo/126816233.cms” height=”442″ href=”http://hr.economictimes.indiatimes.com/tag/bank+of+america” keywordseo=”Bank-of-America” loading=”eager” source=”keywords” src=”https://hr.economictimes.indiatimes.com/images/default.jpg” type=”General” weightage=”20″ width=”590″></img>Bank of America said ‍on Tuesday it will award about $1 billion in equity ⁠to all employees except senior management, after the lender capped a strong year marked by ‌a surge ‌in profits.</p>
<p> The awards will equate to nearly ‌19 million shares of common stock and mark the ninth straight year of employee awards at the second-largest U.S. bank.</p>
<p> Last week, BofA beat estimates for fourth-quarter profit, as its traders capitalized on ‌volatile ‍markets and it brought ‍in higher income from interest payments.</p>
<p> The lender’s 2025 ‌profit surged to $30.5 billion from $27 billion a year earlier. BofA shares ended the year up about 25%, marking a third straight year of gains.</p>
<p> The banking industry is eyeing ‍another year of strong dealmaking, with <a href=investment banking revenues expected ‍to benefit from ⁠a rebound ⁠in large mergers and acquisitions and high-profile initial public offerings.

Interest income is also expected to get a lift from a pickup in loan demand, as lower borrowing costs encourage customers to take on debt. (Reporting by Manya Saini in Bengaluru; Editing by Shinjini Ganguli)

  • Published On Jan 20, 2026 at 08:03 PM IST

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