During a Monday interview in Davos, Switzerland, CEO Brian Moynihan announced that Bank of America’s research team has increased its U.S. GDP growth projection for 2026 from 2.6% to 2.8%, well above the prevailing consensus. Moynihan cited stronger-than-expected consumer spending in early January, solid credit conditions and robust earnings among large banks as primary drivers of the upgrade. He emphasized that client transaction volumes and seasonal patterns have demonstrated resilience, supporting the bank’s more optimistic view of the economy under current policy frameworks.

Bank of America confirmed that it will deliver approximately $1 billion in common stock to roughly 96% of its 213,000 non-executive employees through its annual Sharing Success Program. The awards, representing nearly 19 million shares, mark the ninth consecutive year of broad-based equity grants and bring the program’s cumulative value since inception in 2017 to $6.8 billion. Moynihan noted that the initiative reinforces a culture of shared ownership, aligns employee interests with long-term performance and follows a year of strong financial results and stable corporate tax expectations.