$1 Billion Sharing Success Equity Plan Awards Nearly 19M Shares to 96% of Employees
Bank of America announced it will award $1 billion in equity to 96% of its 213,000 non-executive employees through its Sharing Success Program, equating to nearly 19 million shares. This marks the ninth consecutive year of broad-based grants, bringing total payouts since 2017 to about $6.8 billion.
1. Bank of America Raises 2026 GDP Growth Forecast to 2.8%
In an interview at the World Economic Forum in Davos, CEO Brian Moynihan announced that Bank of America’s research team has upgraded its U.S. GDP growth forecast for 2026 from 2.6% to 2.8%, significantly above the prevailing market consensus. Moynihan cited stronger-than-expected consumer spending patterns observed in early January and robust credit conditions and earnings among large banks as key drivers of the revised outlook. He emphasized that client activity—particularly resilient retail card usage and deposit inflows—has further reinforced the bank’s positive view of economic momentum next year.
2. Bank of America to Award $1 Billion in Stock to Nearly All Employees
Bank of America confirmed it will grant approximately $1 billion in equity to non-executive staff through its Sharing Success Program, equivalent to nearly 19 million shares, marking the ninth consecutive year of such awards. The program covers roughly 96% of the bank’s 213,000 employees and has delivered a cumulative $6.8 billion in stock since its inception in 2017. Moynihan noted that by making employees partial owners, the initiative aligns workforce incentives with long-term shareholder interests and reflects the bank’s commitment to shared growth following a year of strong financial performance.