Bank of America CEO Moynihan’s Pay Rises to $41M for 2025

Bank of America CEO Brian Moynihan Receives $41 Million in 2025 Compensation

Bank of America approved a total compensation package of $41 million for Chair and CEO Brian Moynihan for 2025, a rise of more than 17.1% from his $35 million compensation in 2024, the company disclosed Friday. The increase reflects a year of improved financial results for the Charlotte, North Carolina-based lender.

The 66-year-old Moynihan is among the longest-serving leaders in the banking sector. He took the helm of Bank of America in 2010, following a turbulent succession process, and guided the institution through the recovery from the 2008 financial crisis.

According to the bank, Moynihan’s compensation includes a base salary of $1.5 million, with the remainder coming in the form of equity incentive awards. His total compensation in 2024 was $35 million.

In a filing detailing the compensation, Bank of America highlighted the company’s strong financial performance, attention to employee well-being, and philanthropic efforts led by Moynihan. The bank reported net income of $30.5 billion for 2025, a 13.1% increase from the $27 billion earned in 2024.

The pay increase for Moynihan comes as Bank of America focuses on increasing revenue while managing expenses, utilizing technology, including artificial intelligence, to contain costs. The bank’s stock finished the year up approximately 25%, marking a third consecutive year of gains.

Moynihan’s compensation is in line with increases seen at other major financial institutions. JPMorgan Chase & Co. Increased CEO Jamie Dimon’s compensation by 10.3% to $43 million for 2025. Goldman Sachs Group Inc. Paid its leader, David Solomon, $47 million for his work in 2025, a 21% increase. Morgan Stanley boosted CEO Ted Pick’s pay by 32% to $45 million. Wells Fargo & Co. Also awarded its CEO, Charlie Scharf, $40 million for 2025.

Citi CEO Jane Fraser, the first woman to lead a major American bank, received $42 million in compensation.

Bank of America’s board acknowledged Moynihan’s “leadership in driving growth for shareholders,” including “disciplined expense management,” according to the regulatory filing. Moynihan has indicated his intention to remain in his role for years to come.

Shortly after releasing its earnings, Bank of America announced the distribution of approximately $1 billion in stock to all of its employees, excluding senior management, marking the ninth consecutive year the bank has awarded stock to its workforce. This move underscores the bank’s commitment to sharing its success with its employees.

The increases for top banking executives follow a year in which the industry experienced strong performance. Wall Street’s major players are now preparing for a potentially robust year for merger and acquisition activity, while also navigating an increasingly complex relationship with Washington.