Bank of America is giving $750 cash bonuses to lower-paid employees, restricted stock to others

Staffers in the U.S. who earn $100,000 or less annually will get a cash award of $750 late next month, Moynihan said Thursday in a company memo.

Employees who make between $100,000 to $500,000 annually will receive 150 to 750 restricted stock units, the bank said. These stock awards will be paid out over four years starting in 2022.

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Under Moynihan, the firm was also one of the first big banks to say it was moving to a $20 minimum wage, a move they completed in April of last year,

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BOA is doing something great to the workers. For the frontline workers, this is a necessary help. BOA is a solid bank and recovery stock.


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