Bank of America awards stock to employees after strong 2024 performance
The stock awards, which will be issued in addition to year-end incentive awards, would be granted to employees earning an annual total compensation of up to $500,000, covering about 97% of the lender's global workforce.
BofA had 213,193 staff at the end of 2024, which means the stock awards will amount to slightly over $1 billion.
Earlier this week, BofA's fourth-uarter profit beat expectations, boosted by trading activity. The lender also predicted it would earn higher interest income for 2025.For the full year of 2024, the banking giant's revenue surpassed $100 billion, driven by strong growth in fee income, and its profit came in at $27.1 billion.
Credit :
https://hr.economictimes.indiatimes.com/amp/news/hrtech/payroll-and-benefits/bank-of-america-awards-stock-to-employees-after-strong-2024-performance-memo-shows/117346536
"ธนาคารแห่งอเมริกาเตรียมแจกหุ้นให้พนักงาน หลังจากผลการดำเนินงานที่แข็งแกร่งในปี 2024"
The stock awards, which will be issued in addition to year-end incentive awards, would be granted to employees earning an annual total compensation of up to $500,000, covering about 97% of the lender's global workforce.
BofA had 213,193 staff at the end of 2024, which means the stock awards will amount to slightly over $1 billion.
Earlier this week, BofA's fourth-uarter profit beat expectations, boosted by trading activity. The lender also predicted it would earn higher interest income for 2025.For the full year of 2024, the banking giant's revenue surpassed $100 billion, driven by strong growth in fee income, and its profit came in at $27.1 billion.
Credit : https://hr.economictimes.indiatimes.com/amp/news/hrtech/payroll-and-benefits/bank-of-america-awards-stock-to-employees-after-strong-2024-performance-memo-shows/117346536