UPDATE 1-BofA CEO Brian Moynihan's pay rises to $41 million

Citigroup Inc. -0.41%
Bank of America Corp -0.80%
Wells Fargo & Company -1.35%
JPMorgan Chase & Co. -1.09%

Citigroup Inc.

C

127.98

-0.41%

Bank of America Corp

BAC

52.05

-0.80%

Wells Fargo & Company

WFC

79.42

-1.35%

JPMorgan Chase & Co.

JPM

308.28

-1.09%

Recasts paragraph 1, adds details

Feb 13 (Reuters) - Bank of America BAC.N said on Friday it had approved $41 million for CEO Brian Moynihan's total compensation for 2025, reflecting a more than 17.1% rise from last year.

Moynihan, 65, is one of the industry's longest-serving leaders. He took the reins in 2010 following a tumultuous succession process, steering the bank's turnaround after the 2008 financial crisis.

The compensation includes $1.5 million of base salary and the rest in equity incentives, the bank said. Moynihan had received $35 million in total compensation in 2024.

The move follows similar hikes for top bosses at rivals Wells Fargo WFC.N, Citigroup C.N, and JPMorgan Chase JPM.N, as Wall Street giants gear up for what is widely expected to be a bumper year for dealmaking, while also navigating an increasingly complex relationship with Washington.


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