Bank of America announces one billion dollar equity award for employees following strong annual profit growth
Bank of America will award one billion dollars in equity to staff after profits rose to thirty billion dollars. This marks the ninth year of such awards.
Insights:
Bank of America Corporation announced a $1 billion equity award to employees excluding senior management on Tuesday. The award equates to approximately 19 million shares of common stock. This marks the ninth straight year of employee awards at Bank of America Corporation, which is currently the second-largest bank in the US 
US. This decision reflects management confidence in sustained business momentum after the company successfully exceeded fourth-quarter profit estimates.
US. This decision reflects management confidence in sustained business momentum after the company successfully exceeded fourth-quarter profit estimates.
