Bank of America is set to award stock to most of its global employees for the eighth time since 2017, following a robust performance by the second-largest U.S. lender in 2024, according to an internal memo seen by Reuters on Friday.

Bank of America Corporation (NYSE:BAC), one of the world's largest financial institutions, finds itself at a critical juncture as it navigates a complex economic landscape. With a precise market capitalization of $353.

Bank of America allocates $1B in restricted stock pool for workforce, aiming to retain talent, boost profitability, and contain expenses.