leadership
confidence high
sentiment positive
materiality 0.55
Bank of America CEO Moynihan 2024 total compensation set at $35M, up from $29M
BANK OF AMERICA CORP /DE/
- CEO Brian Moynihan awarded $35M total comp for 2024, vs $29M in 2023; base salary unchanged at $1.5M.
- Equity incentive of $33.5M comprised of RSUs and performance RSUs; no cash bonus.
- Company reported net income $27.1B (+2% YoY), revenue $102B (+3%), returned $21B to shareholders (+75%).
- Share price up 30% in 2024; market cap grew by nearly $70B.
- Board cited strong organic growth, loan/deposit growth outpacing industry, and record net new consumer checking accounts.