Share Name Share Symbol Market Type
Bank of America Corporation NYSE:BAC NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.67 1.44% 47.15 47.24 46.05 46.46 40,412,540 00:59:42

Bank of America to Raise U.S. Minimum Hourly Wage to $25 by 2025

18/05/2021 4:40pm

Dow Jones News

Bank of America (NYSE:BAC)
Historical Stock Chart

From Apr 2021 to Oct 2021

Click Here for more Bank of America Charts.
   By Colin Kellaher 

Just over one year after raising its U.S. minimum wage to $20 an hour, Bank of America Corp. on Tuesday said it plans to raise its hourly minimum to $25 by 2025.

The Charlotte, N.C., banking giant also said it is requiring all its of its U.S. vendors to pay employees who are dedicated to the bank at least $15 an hour.

In March 2020, Bank of America raised its minimum hourly wage to $20, a year ahead of plan, after boosting it to $17 an hour in 2019.

President Biden campaigned on a pledge to raise the federal minimum wage to $15 an hour, but a February push by Democrats to include the increase in the $1.9 trillion Covid-19 relief package was unsuccessful. Mr. Biden in late April signed an executive order requiring that federal contractors pay a $15-an-hour minimum wage.


Write to Colin Kellaher at colin.kellaher@wsj.com


(END) Dow Jones Newswires

May 18, 2021 11:25 ET (15:25 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Bank of America Chart

1 Year Bank of America Chart

1 Month Bank of America Chart

1 Month Bank of America Chart
ADVFN Advertorial
Your Recent History
Bank of Am..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20211021 01:23:24