During an interview at the World Economic Forum in Davos, Bank of America CEO Brian Moynihan announced that the bank’s research team has raised its forecast for U.S. GDP growth in 2026 from 2.6% to 2.8%, outpacing the current market consensus of approximately 2.5%. Moynihan cited robust early‐January consumer spending trends and seasonal purchasing patterns as key indicators of resilience in household demand. He also pointed to solid credit conditions and strong fourth‐quarter earnings among major financial institutions as further evidence supporting an upgraded outlook. The revised projection reflects the bank’s conviction that existing fiscal and monetary policies will foster more favorable conditions than previously anticipated, potentially translating into increased lending activity and corporate investment next year.

Bank of America confirmed it will allocate $1 billion in common stock awards to roughly 96% of its 213,000 non‐executive employees through its ninth annual Sharing Success Program. These awards represent nearly 19 million shares and bring the total value distributed since the program’s inception in 2017 to about $6.8 billion. The bank emphasized that this broad‐based equity grant is in addition to regular compensation and performance incentives, and is designed to align employees’ interests with long-term shareholder value. Moynihan noted that maintaining a stable corporate tax rate has bolstered executives’ confidence in making multi-year strategic investments, enabling the bank to sustain competitive pay and benefits such as its $25 minimum hourly wage, professional development initiatives, and expanded hiring targets in high-growth markets.