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Moynihan's $41M Pay: Profit Up, Stock Trails
14 Feb
Summary
- CEO Brian Moynihan's pay rose to $41 million for 2025.
- Bank's profit increased 13.1% to $30.5 billion.
- Stock performance lagged behind industry peers.
Bank of America CEO Brian Moynihan's compensation for 2025 reached $41 million, with his base salary remaining unchanged at $1.5 million and no cash bonus. The majority of his pay, $39.5 million, came from equity incentive awards, as disclosed in a recent regulatory filing. This pay increase follows a year where Bank of America's net income saw a significant rise of 13.1%, totaling $30.5 billion.
The bank's board recognized Moynihan's leadership in promoting shareholder growth and maintaining disciplined expense management. Moynihan, one of the longest-serving CEOs in the US banking sector, has been at the helm for 16 years, guiding the institution through the global financial crisis and the pandemic. He has expressed a desire to continue in his role for years to come.
Despite the bank's profit growth, its stock performance has trailed behind that of its major competitors. Rival institutions like JPMorgan Chase, Goldman Sachs, Morgan Stanley, Wells Fargo, and Citigroup also saw their CEOs receive substantial compensation packages for 2025, with increases ranging from 10.3% to 32%. Bank of America recently outlined new financial targets, including a focus on cost containment, in an effort to boost its share value.
