Bank of America CEO Brian Moynihan awarded employees $1 billion in stock
The financial giant marked its ninth consecutive year of employee stock awards under its Shared Success program — part of a broader effort to raise wages, increase employment and invest in the US workforce.
Bank of America (BofA) announced on Tuesday that it will award $1 billion in stock to non-employees under its Shared Success plan, equivalent to nearly 19 million shares of BofA stock.
Bank of America CEO Brian Moynihan said the program gives employees a sense of ownership of the company during an interview on “Mornings with Maria” Tuesday at the World Economic Forum in Davos, Switzerland.
“Our Shares for Success program goes to 96% of the employees, it doesn’t go to senior managers, it’s a government grant for all,” he said.
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This marks the ninth year BofA has issued the Shareholder Achievement Awards, with total payouts approaching $7 billion since the program launched in 2017.
This year’s multibillion-dollar prize pool follows a year of strong growth and financial results, the company said.
Moynihan praised the Trump administration’s “big, good bill” for strengthening expectations that corporate tax rates will remain stable, giving businesses more confidence in making long-term investment decisions.
“The big, good bill that’s coming in is working well to keep our knowledge that the tax rate won’t change. The tax rate has been pretty consistent, and year after year we’ve been able to make more money for shareholders,” he said.
Bank of America CEO Brian Moynihan attends “Mornings With Maria” at the FOX Business Network Studios on October 28, 2025 in New York City. (John Lamparski/Getty Images/Getty Images)
“Having the certainty of the tax bill is very important for a business to make long-term plans. Very few businesses make plans that are completed within a year. It takes time to do all this,” he said.
Stock awards are given in addition to regular employee compensation and benefits — about 96% of the bank’s 213,000 employees qualify for the plan, according to the company.
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Moynihan said the program reflects the bank’s belief that shared success strengthens the company and the communities it serves.
“We are proud to continue to invest in our people and strengthen our culture of growth and shared success,” Moynihan said in a press release.
The exterior of a Bank of America (BofA) branch. (Stock)
BofA said the Shared Success Program is one of the industry’s best employee benefits, adding that it is committed to being a great place to work.
“It helps [employees] I feel like the owners… and, as the price keeps going up, it provides a lot of economic benefit to them,” Moynihan said Tuesday.
Stock-based awards allow employees to share in BofA’s long-term performance and align their interests with shareholders, the bank said.
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Bank of America also said in a statement that it is working to open Trump accounts to its employees and customers.
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