Bank of America CEO Brian Moynihan told FOX Business in Davos that the U.S. economy could outperform current expectations, highlighting resilient consumer spending and solid credit conditions. He pointed to early January retail and service‐sector trends as evidence of household strength, and noted healthy earnings reports from large financial institutions as reinforcing his optimistic outlook for next year.

In a strategic revision, Bank of America’s research team lifted its forecast for U.S. GDP growth in 2026 from 2.6% to 2.8%, a figure that now sits well above consensus estimates. This adjustment reflects the firm’s confidence in underlying economic momentum, driven by stable employment, improving wage growth, and continued business investment in technology and infrastructure.

As part of its Sharing Success program, Bank of America plans to distribute approximately $1 billion in stock awards to nearly all employees. The initiative is designed to align staff incentives with corporate performance, reward long‐term retention and underscore the bank’s commitment to sharing value with its workforce. This marks one of the largest employee equity distributions in the firm’s history.