View from the Center and Left Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Sam	9/17/2025 10:11:18 AM
	of 541580

They haven't been an especially good stock to own relative to other large banks but they seem to be doing OK for their employees, even their lowest paid employees. 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. The increase, which goes into effect in early October, applies to all full-time and part-time hourly positions in the U.S. , Over the last several years, the lender has steadily increased its minimum hourly wage from under $15. With the rise to the $25 goal, starting salary for full-time U.S. employees at the lender will have gone up by more than $20K since 2017. Some 97% of BofA (NYSE: BAC) employees have received awards beyond regular compensation, it noted, mostly in the form of Bank of America restricted common stock. Nearly $5.8B has been awarded since the program's inception in 2017.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next