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Bank of America awards $1B in stock, boosts pay, and hires 4,000 new workers this summer.

Market News
03 Jun 2026
Fox Business
View Source
Bullish
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Bank of America announced it will grant $1 billion in stock to nearly all employees as part of its Sharing Success Program, marking the ninth consecutive year of such awards. The bank is also hiring nearly 4,000 summer interns and full-time recruits from over 500 colleges to strengthen its workforce. This effort supports long-term growth and includes ongoing initiatives to hire military veterans and community college graduates. Additionally, Bank of America plans to open new financial centers and create 700 jobs in growth markets, reflecting its commitment to investing in the U.S. workforce.

More News (BAC)

Stock market not in a dot-com bubble, says Jim Cramer, citing lower valuations and strong earnings.

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Bank of America to redeem $5.75B in notes on July 22, 2026, ending interest accrual.

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Emerging Growth Conference 94 set for July 15-16 featuring key small cap companies' presentations.

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