Most Bank of America workers get stock awards, as shares hit all-time high
Bank of America will distribute $1 billion worth of stock to nearly all of its employees through its Sharing Success Program, the Charlotte-based bank said Tuesday.
The awards will total nearly 19 million shares of the company’s common stock this year, according to Bank of America. The award is for non-executive employees, in addition to compensation and incentives.
That’s pretty good timing: Bank of America stock was at an all-time high of $57.25 on Jan. 6. On Tuesday, Jan. 20., the stock opened at $52.32.
Bank of America has about 213,000 employees with more than 19,000 in the Charlotte region. This is the ninth year in a row the bank has provided employee stock awards, totaling almost $6.8 billion, the bank said.
The bank declined to break out award levels.
The stock awards let employees share in Bank of America’s success and align their interests with shareholders, CEO and Chairman Brian Moynihan said in the bank’s statement. “We are proud to continue investing in our people and reinforcing a culture of shared growth and achievement,” he said.
Speaking on Fox Business Tuesday morning, Moynihan said the Trump administration’s “Big, Beautiful Bill” helped reassure businesses that corporate tax rates will remain stable, boosting confidence in making long-term investment decisions.
Bank of America employee benefits
Other employee benefits at the bank include:
- Minimum wage increase: The bank raised its U.S. minimum hourly wage to $25 per hour, effective in early October. This increase brings the minimum annual salary for full-time employees to more than $50,000.
- Trump accounts: The company has begun engaging with the Trump administration on implementing Trump Accounts for its employees and clients. The Working Families Tax Cuts allows parents and guardians to establish a new type of individual retirement account for their children, called Trump Accounts, according to the IRS.
- Hiring initiatives: Bank of America is expanding its skills-based hiring program by recruiting 10,000 more military personnel, increasing community college recruitment and adding jobs at branches in fast-growing markets nationwide.
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This story was originally published January 20, 2026 at 12:17 PM.
