Reported about 20 hours ago
Bank of America plans to grant stock awards to nearly all global employees as recognition for its strong performance in 2024, as detailed in an internal memo. This marks the eighth consecutive year of stock awards, which will be in addition to year-end incentives, totaling over $1 billion and covering approximately 97% of its workforce. The bank reported record revenue exceeding $100 billion and a profit of $27.1 billion, driven by increased trading activity and favorable market conditions.
Source: YAHOO