Bank of America Corp. raised Chief Executive Officer Brian Moynihan's pay to $41 million for 2025, a year in which the second-largest US bank improved its profit but stock performance fell short of peers. The board granted Moynihan an unchanged base salary of $1.5 million and no cash bonus, "consistent with prior years," along with equity incentive awards totaling $39.5 million, according to a regulatory filing Friday.
"We are honored to continue our partnership with Bank of America for our annual Dodgers Love L.A. Community Tour," said Kristin McCowan, Vice President, Government and Community Affairs for the Los Angeles Dodgers. "Following another unforgettable season, we're excited to extend the celebration beyond the ballpark and into the heart of our communities. This week is about meaningful service by supporting veterans and families, creating inclusive spaces for young people with special needs, celebrating our students and seniors, and recognizing the unwavering dedication of first responders. Together, we're proud to uplift and empower the people and organizations that make Los Angeles thrive."
People are always looking for ways to save money on their travels, whether it's a day trip, a weekend getaway, or an extended vacation-but they often overlook some of the most obvious discount strategies. Sometimes, the cards you already have in your wallet hold the key to additional savings, and saving money on museum tickets may be as easy as showing a debit or military card.
Bitcoin price ripped back above $91,000 on Tuesday, extending a powerful rebound as Wall Street institutions deepen their push into digital assets. The bitcoin price traded at $91,089 at press time, up 8% over the past 24 hours. Trading volume surged to $78 billion, marking one of the strongest sessions of the past month. Bitcoin price is now sitting just above its 7-day high of $89,966 and remains 7% above last week's low of $83,989.
Bank of America is urging its wealth management clients to consider placing a small but deliberate slice of their portfolios into digital assets. The bank now recommends a 1% to 4% crypto allocation, marking a significant shift in how one of the country's largest financial institutions approaches Bitcoin exposure. The guidance applies across Merrill, Bank of America Private Bank, and Merrill Edge, according to a Yahoo Finance report.
Shares of Bank of America (NYSE: BAC) gained 4.03% over the past month after gaining 2.33% the month prior. That brings the stock's year-to-date gain to 13.29%. Since hitting its 2025 low on April 4, BAC is up 45.86%. When the company reported Q2 earnings earlier in July, it announced mixed results with EPS of 89 cents versus analysts' expectations of 86 cents, and revenues of $26.61 billion versus expectations of $26.72 billion.
Bank of America is implementing a policy requiring junior bankers to disclose future job offers, addressing conflict-of-interest concerns while considering young bankers' ambitions.
I testified in Congress before I was CEO… the head of a House investigation committee told me 'there's no way you should be CEO of this company.' Flash forward a few years and that person was 'a good colleague' on other issues. I don't hold grudges.
Some Redditors applauded Bank of America's recent announcement of better rewards amid other competitors "nerfing" their credit cards. Here's what you should know about the bank's new credit card rewards.
Bank of America's flagship financial center in Midtown Manhattan at 2 Bryant Park reflects the bank's commitment to community-focused financial services and continued expansion.
