Bank of America is set to award stock to most of its global employees for the eighth time since 2017, following a robust performance by the second-largest U.S. lender in 2024.
The stock awards, which will be issued in addition to year-end incentive awards, would be granted to employees earning an annual total compensation of up to $500,000, covering about 97% of the lender’s global workforce.
BofA had 213,193 staff at the end of 2024, which means the stock awards will amount to slightly over $1 billion.
Source: FINANCE.YAHOO
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