Bank of America (NYSE:BAC) bumped up its U.S. minimum hourly wage by $1 to $25 per hour, it said on Wednesday, noting it will also lift the minimum annualized salary for full-time employees in the U.S. to over $50K from sub-$50K a year ago. ...

Bank of America Corp. will increase its minimum wage to $25 an hour next month, the final step in a long-term goal the company set several years ago. CEO Brian Moynihan says this gives employees a chance to join the company and spend their whole career with the firm. He speaks on "Bloomberg Surveillance." ...

We begin this hour with a leadership shakeup at Bank of America. Brian Moynihan recently naming Dave Athanasiou and Jim Demark as co-presidents. The firm writing in a statement, quote, Athanasius and Demark will drive company wide initiatives focused on long term growth and returns and oversee Bank of America's eight lines of business.I'm very pleased to say that. Joining us now is the Bank of America CEO Brian Moynihan. Brian, of course, in London, we're here in New York.You're actually in our home and we' ...

We begin this hour with a leadership shakeup at Bank of America. Brian Moynihan recently naming Dave Athanasiou and Jim Demark as co-presidents. The firm writing in a statement, quote, Athanasius and Demark will drive company wide initiatives focused on long term growth and returns and oversee Bank of America's eight lines of business.I'm very pleased to say that. Joining us now is the Bank of America CEO Brian Moynihan. Brian, of course, in London, we're here in New York.You're actually in our home and we' ...

Wage Increase - Bank of America will raise its minimum wage to $25 per hour next month [1] - This increase represents the culmination of a multi-year company goal [1]

Bank of America Chair and CEO Brian Moynihan talks about leadership changes at the bank. "I'm not going anywhere in the short term or medium term" he said on "Bloomberg Surveillance." The company named Dean Athanasia and Jim DeMare co-presidents, reporting to Moynihan directly, who has been in charge of the firm since 2010. ...

Group 1 - The financial sector is performing well, with expectations of the Federal Reserve initiating an easing cycle, which could further benefit banks [1][2] - The anticipated economic growth and potential Fed rate cuts are expected to spur loan growth and increase capital markets activity, aiding M&A and IPO activities [2][4] - Lower interest rates may lead to increased mortgage refinancing activity and improve banks' book values by reducing unrealized losses [5] Group 2 - Larger banks are favored in the current economic backdrop due to their potential benefits from capital markets activity and regulatory reductions [6] - Major banks such as Bank of America, JP Morgan, Goldman Sachs, and Morgan Stanley are expected to thrive in a more favorable economic environment [7] - JP Morgan is highlighted as a top performer with consistent returns on tangible common equity exceeding 20% [8] Group 3 - Bank of America has lagged behind other money center banks but is seen as having potential for growth in the coming years [9] - Citigroup has returned to a price of 100 after a stock split, indicating room for further price appreciation [9]

Group 1 - Bank of America has raised its minimum hourly wage to $25, fulfilling its 2021 pledge [1] - The bank has increased its minimum hourly pay by nearly 67% since 2018, with the previous minimum wage being $24 [1] - The new minimum annualized salary for full-time employees will exceed $50,000 [1] Group 2 - The wage increase comes amid a challenging U.S. labor market, characterized by slow job gains and rising unemployment [2] - Lower-income households are particularly affected by labor market weaknesses, with their after-tax wages rising at the slowest pace since 2016 [2] Group 3 - The higher starting salary aims to support employees in developing long-term careers at Bank of America [3] - The increase will take effect in early October and will apply to all full-time and part-time hourly positions in the U.S. [3]

Accessibility StatementSkip Navigation The increase delivers on a pledge to hit $25 by 2025 CHARLOTTE, N.C., Sept. 17, 2025 /PRNewswire/ -- Today, Bank of America announced it has raised its U.S. minimum hourly wage to $25 per hour. With the increase, the minimum annualized salary for full-time employees in the U.S. will rise to more than $50,000. The increase, which goes into effect in early October, applies to all full-time and part-time hourly positions in the U.S., affecting thousands of employees acros ...

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Dive Brief: Bank of America is boosting its minimum wage to $25 per hour, the Charlotte, North Carolina-based lender said Wednesday. The increase takes effect next month. With the move, the bank reaches a long-held goal to provide a $25 minimum hourly wage by 2025. The increase puts the minimum annualized salary for full-time employees over $50,000, the bank said. ...