Published
01/26/2026, 16:46Bank of America announced the distribution of $1 billion worth of shares among non-executive employees as part of its Sharing Success corporate program. The amount of payments in 2026 is equivalent to nearly 19 million ordinary shares of the bank.
This is the ninth consecutive year that the credit institution has rewarded its staff through this program. Since its launch in 2017, the total amount of such payments has reached approximately $6.8 billion. The bank notes that the decision was the result of another year of steady growth and strong financial performance.
96% of Bank of America employees are eligible to participate in the program. The rewards are provided in addition to salaries and other incentive payments. The majority of bonuses are paid in the form of shares, which, according to the bank's plan, allows employees to participate directly in the long-term results of the company's activities and synchronize their interests with those of shareholders.
Brian Moynihan, Chairman and CEO of the bank, said the program reflects a strategic approach to human resource management.
"When our employees share in the success of the company, it makes our business stronger and strengthens the communities we serve. We are proud to continue investing in people and developing a culture of shared growth," Moynihan said.
In addition to the Sharing Success program, Bank of America is expanding its employee support and economic development initiatives. Starting in October, the minimum hourly wage at the bank was raised to $25. This translates to an annual income of more than $50,000 for full-time employees. The bank is also developing career growth programs, expanding college graduate hiring, and plans to hire up to 10,000 veterans and create new jobs in financial centers in fast-growing U.S. markets.
Bank of America remains one of the world's largest financial groups, serving approximately 70 million customers through a network of approximately 3,600 branches.
