Bank of America’s CEO Brian Moynihan announced in Davos that the bank has raised its U.S. GDP growth forecast for 2026 from 2.6% to 2.8%, a level well above market consensus. He cited resilient consumer spending in early January and solid credit conditions as evidence that the economy is stronger than many investors expect. Moynihan emphasized that robust earnings among large banks and sustained client activity support this revised outlook, underscoring BofA’s confidence in the economic policies currently in place.

In its ninth consecutive year, Bank of America will award $1 billion in stock to non-executive employees through its Sharing Success Program, equating to nearly 19 million shares. This broad-based equity grant covers 96% of the company’s approximately 213,000 teammates and brings total payout under the program to about $6.8 billion since 2017. Moynihan noted that these awards reinforce a culture of shared ownership and align employee interests with long-term shareholder performance, following a year of strong financial results and stable corporate tax expectations.

As the fourth-quarter reporting period begins, Bank of America joins peers in reporting accelerating revenue and loan growth. Management teams across the sector, including BofA executives, are painting a stable-to-positive outlook for 2026, with expectations for net interest income to expand on higher lending balances and improving deposit margins. Analysts have been raising earnings estimates consistently over the past month, reflecting confidence in the bank’s diversified revenue streams, disciplined expense management, and ongoing strength in consumer and wealth-management businesses.