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

Bank of America stock is trading lower Wednesday after the financial firm reported earnings but Wall Street isn't worried. Here's why.

Berkshire took a new stake in Citigroup ( C 1.88%) in 2022 and the stock currently makes up 1.5% of Berkshire's portfolio. Citigroup has far and away been the worst-performing large U.S. bank stock since the Great Recession and many investors have ditched the stock out of frustration.

Key Takeaways Bank of America is set to report fourth-quarter earnings before the opening bell Thursday.The bank is expected to post higher revenue and profits from the same time last year.The results come after Bank of America beat estimates in the first three quarters of 2024 as its wealth management and investment banking divisions grew.

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.