BofA CEO Brian Moynihan's Salary Increases to $41 Million

• Moynihan's compensation includes $1.5 million base salary with the remainder in equity incentives
• The 65-year-old CEO has led Bank of America since 2010, making him one of the industry's longest-serving leaders after steering the bank's recovery from the 2008 financial crisis
• The pay increase follows a broader trend among major Wall Street banks preparing for an expected bumper year in dealmaking while managing complex relationships with Washington

Summary: BofA CEO Brian Moynihan's Salary Increases to $41 Million

Bank of America announced Friday that CEO Brian Moynihan will receive $41 million in total compensation for 2025, marking a 17.1% increase from his $35 million package in 2024. The compensation structure includes a $1.5 million base salary with the remainder paid in equity incentives.

Moynihan, 65, is among the banking industry's longest-tenured leaders, having assumed the CEO role in 2010 during a turbulent succession period. Under his leadership, Bank of America successfully navigated its turnaround following the 2008 financial crisis.

Industry Context:

The compensation increase aligns with similar raises approved for executives at competing Wall Street institutions, including Wells Fargo, Citigroup, and JPMorgan Chase. These pay hikes reflect banking industry optimism heading into what is anticipated to be a strong year for dealmaking activity.

Market Implications:

The coordinated executive compensation increases across major U.S. banks signal:

• Strong expected financial performance in the investment banking and dealmaking sectors
• Competitive pressure to retain top executive talent
• Confidence in the banking sector's near-term prospects despite potential regulatory challenges from Washington

The timing and scale of these raises suggest Wall Street's major players are positioning for increased merger and acquisition activity and capital markets business, while simultaneously managing evolving relationships with federal regulators and policymakers.

The announcement comes as financial institutions balance growth expectations with an increasingly complex regulatory and political environment in Washington.