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BANK OF AMERICA CORPORATION

(BAC)
  Report
Delayed Nyse  -  04:00:02 2023-01-27 pm EST
35.45 USD   +0.31%
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Bank of America to give stock awards to rank-and-file workers

01/24/2023 | 04:23pm EST
FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City

(Reuters) - Bank of America Corp will give stock awards to most of its global workforce for a sixth consecutive year, the company said in a memo to staff on Tuesday.

The second largest U.S. lender will award company shares that vest over four years to 96% of its almost 217,000 workers, according to the memo, which did not specify the amount of shares that would be given out.

Eligible bank employees who earn less than $500,000 a year will receive the stock awards, while a smaller number will get cash payments, according to the memo.

(Reporting by Lananh Nguyen; Editing by Leslie Adler)


ę Reuters 2023
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Analyst Recommendations on BANK OF AMERICA CORPORATION
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Financials (USD)
Sales 2022 94 732 M - -
Net income 2022 25 583 M - -
Net Debt 2022 - - -
P/E ratio 2022 11,3x
Yield 2022 2,43%
Capitalization 283 B 283 B -
Capi. / Sales 2022 2,99x
Capi. / Sales 2023 2,81x
Nbr of Employees 216 823
Free-Float 99,8%
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Technical analysis trends BANK OF AMERICA CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 35,45 $
Average target price 40,71 $
Spread / Average Target 14,9%
EPS Revisions
Managers and Directors
Brian T. Moynihan Chairman, President & Chief Executive Officer
Alastair Borthwick Chief Financial Officer
Frick Bob ice Chair of the Board & Chief Financial Officer
Catherine P. Bessant Vice Chairman-Global Strategy
Aditya Bhasin Chief Technology & Information Officer