Bank of America CEO's compensation reached $35 million last year, an increase of 21% year-on-year
Bank of America stated in a filing submitted on Friday that its CEO, Moynihan, will receive a salary increase of approximately 21% in 2024, reaching $35 million. The bank reported fourth-quarter profits that exceeded expectations and forecasted higher interest income for 2025. Additionally, Bank of America will grant stock awards to the majority of its global employees for the eighth time since 2017. Furthermore, reports indicate that the bonus pool set up for investment bankers at Bank of America may increase by 10% year-on-year
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