- Bank of America Corp increased the compensation for Chief Executive Officer Brian Moynihan by roughly 21% to $35 million for 2024, the lender said in a filing on Friday.
Feb 7 (Reuters) - Bank of America Corp increased the compensation for Chief Executive Officer Brian Moynihan by roughly 21% to $35 million for 2024, the lender said in a filing on Friday.
That compares with Moynihan's pay of $29 million in 2023.
Last month, the lender's fourth-quarter profit beat expectations as its traders benefited from a flurry of activity in the period, while the bank predicted it would earn more interest income in 2025.
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