Bank of America CEO Brian Moynihan told FOX Business at the World Economic Forum in Davos that the bank’s research team has raised its U.S. GDP growth projection for 2026 from 2.6% to 2.8%, outpacing the prevailing consensus by roughly 20 basis points. Moynihan cited robust early-January consumer spending trends and historically favorable seasonal patterns as evidence that households remain resilient. He also pointed to solid credit conditions and strong earnings results among large banking peers as further support for a more optimistic outlook. The upward revision marks the highest forecast among major global banks surveyed by Bloomberg, underscoring BofA’s conviction in sustained economic momentum driven by steady employment growth and stable corporate tax policies.

Bank of America announced that it will grant approximately $1 billion in common stock to non-executive employees through its Sharing Success Program, the ninth consecutive annual award since the program’s inception in 2017. The awards, equating to nearly 19 million shares, will reach roughly 96% of the bank’s 213,000-strong workforce and are in addition to regular salaries and incentives. Since launch, the program has delivered close to $7 billion in equity to teammates. Moynihan emphasized that broad-based stock grants foster a culture of ownership and align employee interests with long-term shareholder value. The move follows a year in which the bank reported double-digit growth in net income and maintained a common equity tier 1 ratio above 11%, reinforcing its capacity to invest in talent while sustaining capital strength.