Bank of America Awards $1 Billion Stock to Employees, Forecasts 2.8% 2026 GDP
Bank of America will grant $1 billion of common stock (~19 million shares) to 96% of its non-executive employees through its ninth annual Sharing Success Program. BofA also lifted its 2026 US GDP growth forecast to 2.8% from 2.6%, highlighting expectations for stronger consumer spending.
1. BofA Raises 2026 GDP Forecast to 2.8% in Davos Interview
During a Monday interview in Davos, Bank of America’s CEO Brian Moynihan announced that the bank has increased its 2026 U.S. GDP growth forecast from 2.6% to 2.8%, significantly above consensus estimates. Moynihan cited resilient consumer spending patterns observed in early January, solid credit conditions, and strong earnings among large banks as key drivers of the upgraded outlook. He emphasized that client activity—in particular higher-than-expected seasonal purchasing—contributed to the bank’s decision to adopt a more bullish stance on economic growth under current fiscal and monetary policy frameworks.
2. $1 Billion Sharing Success Stock Award for Employees
Bank of America confirmed it will distribute $1 billion in stock awards to non-executive employees through its Sharing Success Program, delivering nearly 19 million shares to roughly 96% of its 213,000 team members. This marks the ninth consecutive year of awards, bringing cumulative payouts since 2017 to nearly $6.8 billion. Moynihan underscored that the broad-based equity grant aligns employee and shareholder interests and reinforces the bank’s commitment to workforce engagement and long-term value creation.