Bank of America lifts Moynihan’s pay 17% to $41 million for 2025

Bank of America Corp. raised Chief Executive Officer Brian Moynihan’s pay to $41 million for 2025, a year in which the second-largest US bank improved its profit but stock performance fell short of peers.

The board granted Moynihan an unchanged base salary of $1.5 million and no cash bonus, “consistent with prior years,” along with equity incentive awards totaling $39.5 million, according to a regulatory filing Friday. A year ago, Moynihan’s compensation was increased 21% to $35 million...