Brian T. Moynihan has been the CEO of Bank of America since January 2010. He is a guy who climbed the corporate ladder after starting his career at FleetBoston Financial in 1993. Before leading the bank, he managed Global Banking...

Brian T. Moynihan has been the CEO of Bank of America since January 2010. He is a guy who climbed the corporate ladder after starting his career at FleetBoston Financial in 1993. Before leading the bank, he managed Global Banking and Wealth Management, and even served as General Counsel. Under his direction, Bank of America has focused on what he calls "Responsible Growth," making sure they balance profitable growth with ethical practices. Notably, Moynihan has a big stake in the company—he owns over 2.3 million shares, worth about $78 million. This shows he believes in the bank's potential. In terms of pay, his 2023 compensation package was $29 million, but it's interesting to point out that he doesn’t take cash bonuses at all, aligning his earnings with the company’s long-term success instead. His strategies aim for steady and sustainable growth, which is crucial in the fast-changing banking world. Moynihan is a graduate of Brown University and holds a J.D. from the University of Notre Dame, reflecting a background that mixes finance and law effectively.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Bank of America CEOs

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Brian T. Moynihan

CEO of Bank of America

Education

Brown University, J.D. from University of Notre Dame

Field of Expertise

Legal & Compliance - Law

Sector of Economy

Financial Services

Born

October 9, 1960 - 64 years ago

CEO of Bank of America for

15 years 3 months (Jan 2010 - Present)

Previous Experience

Joined FleetBoston Financial in 1993, served in various roles at Bank of America including General Counsel and President of Global Corporate and Investment Banking.

Rivals

Competitors/colleagues of Brian T. Moynihan

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David M. Solomon

CEO of Goldman Sachs Group

2023 Compensation

Stock

$36.08M

Salary

$2.00M

Bonus

$8.70M

Other

$320.86K

Total Holdings

$71.95M

C

James Quincey

CEO of Coca-Cola

2023 Compensation

Stock

$43.34M

Salary

$1.60M

Bonus

$0.00

Other

$625.06K

Total Holdings

$90.50M

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Jamie Dimon

CEO of JPMorgan Chase

2023 Compensation

Stock

$0.00

Salary

$1.50M

Bonus

$5.00M

Other

$400.19K

Total Holdings

$1.72B

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Jane Fraser

CEO of Citigroup

2023 Compensation

Stock

$0.00

Salary

$1.50M

Bonus

$3.68M

Other

$19.80K

Total Holdings

$38.21M

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Michael K. Wirth

CEO of Chevron

2023 Compensation

Stock

$17.23M

Salary

$1.85M

Bonus

$2.61M

Other

$436.45K

Total Holdings

$11.17M

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Warren E. Buffett

CEO of Berkshire Hathaway

2023 Compensation

Stock

$0.00

Salary

$100.00K

Bonus

$0.00

Other

$313.60K

Total Holdings

$162.98B

Holdings

See how much did Brian T. Moynihan make over time.

Brian T. Moynihan's holdings in Bank of America reflect his strong commitment to the company. He owns over 2.3 million shares, currently valued at around $78 million. Most of these shares are held personally, indicating a direct investment in the...

Brian T. Moynihan's holdings in Bank of America reflect his strong commitment to the company. He owns over 2.3 million shares, currently valued at around $78 million. Most of these shares are held personally, indicating a direct investment in the firm's future. Furthermore, Moynihan's holdings include investments made through a 401(k) plan and various trusts, showcasing his strategic diversification. Interestingly, his wealth has fluctuated, but the focus has always been on vested stocks rather than cash bonuses. This aligns with his philosophy of connecting earnings directly with the company’s performance. At one point, his compensation was heavily influenced by stock awards, which reflects both a vested interest in the bank’s success and a commitment to shareholder values.

Mar 18, 2025

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shares

BAC @ $41.65

Charitable Transactions

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689,276 shares

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Recent Charitable Transactions

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100,000 shares

BAC

May 15, 2024

Charity

BAC

110,000 shares

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Oct 31, 2022

Charity

BAC

100,000 shares

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Dec 10, 2021

Charity

BAC

10,000 shares

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Sep 13, 2021

Charity

BAC

27,000 shares

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Jul 21, 2021

Charity

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30,000 shares

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Jun 8, 2021

Charity

Insider Trading

See recent insider trades of Brian T. Moynihan.

BAC

100,000 shares

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May 15, 2024

Charity

BAC

110,000 shares

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Oct 31, 2022

Charity

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100,000 shares

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Dec 10, 2021

Charity

BAC

100,000 shares

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Dec 10, 2021

Charity

BAC

10,000 shares

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Sep 13, 2021

Charity

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27,000 shares

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Jul 21, 2021

Charity

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30,000 shares

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Jun 8, 2021

Charity

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71,000 shares

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Oct 27, 2020

Charity

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15,000 shares

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Dec 13, 2019

Charity

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50,000 shares

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Oct 15, 2019

Charity

Compensation History

See how much did Brian T. Moynihan make over time.

In 2023, Brian T. Moynihan's total compensation reached $29 million, which includes a $1.5 million salary and around $22 million from vested stock awards. He has a unique compensation structure; instead of cash bonuses, his earnings are aligned with long-term performance metrics like net income and revenue growth. This approach emphasizes a pay-for-performance philosophy, ensuring that his interests are in line with those of the shareholders. The vested stock comes from various stock awards, showing his commitment to the company’s sustainable growth. His compensation has seen slight fluctuations over the years, but consistently prioritizing stocks over cash bonuses has been a key aspect of his strategy as CEO, underlining a focus on the bank's future success.

Year

2023

Total Compensation

$23.93M

Salary

$1.50M

Board Justification

The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with long-term company performance and shareholder interests.

Bonus

$0.00

Board Justification

No annual cash incentive was awarded for 2023 performance.

Other

$387.39K

Board Justification

Includes benefits such as financial advisory services, use of corporate aircraft, and matching contributions to qualified plans.

Restricted Stock

$22.05M(667.9K RSU)

Board Justification

The stock awards that vested in 2023 include cash-settled restricted stock units (CRSUs), performance restricted stock units (PRSUs), and time-based restricted stock units (TRSUs).

Performance Metrics

Performance metrics include net income, revenue growth, and total shareholder return relative to peers.

Other Bank of America CEOs

Here are other CEOs of Bank of America

Kenneth D. Lewis

Ex-CEO of Bank of America

April 2001 - December 2009