A Bank of America logo is pictured in the Manhattan borough of New York City, in January 2019. Bank of America has raised its minimum hourly wage in the United States to $24, it said today.

Bank of America is closing in on its objective of paying its U.S. workers a minimum of $25 an hour by 2025, increasing its base wage to within a buck of that goal starting in October.

The bank’s goal is to reach a minimum wage of $25 an hour by 2025. For some context, the national minimum wage is only $7.25, but in states that have a higher minimum wage, employers must honor ...

Bank of America is raising its minimum wage to $24 per hour, getting a step closer to the company’s goal of increasing it to $25 per hour by 2025, the U.S. lender announced on Tuesday. The bank ...

Bank of America will raise its minimum wage to $24, the latest corporate giant to raise the floor on pay to attract and keep workers. Why it matters: It's the latest large firm to promise higher ...

Bank of America is raising its minimum wage to $24 per hour, getting a step closer to the company’s goal of increasing it to $25 per hour by 2025, the U.S. lender announced on Tuesday. The bank ...

Sept 10 (Reuters) - Bank of America (BAC.N), opens new tab has raised its minimum hourly wage in the United States to $24, it said on Tuesday. The move brings the bank closer to its plan to reach ...

Full-time employees in the U.S. will now have a minimum annualized salary of $50,000, up from $48,000, the bank said. Back in 2021, Bank of America had pledged to raise its minimum hourly wage to ...

The bank’s goal is to reach a minimum wage of $25 an hour by 2025. For some context, the national minimum wage is only $7.25, but in states that have a higher minimum wage, employers must honor ...

Bank of America raises employee minimum wage to $24 per hour Lowest-paid workers to get paid about $50,000 a year Last Updated: Sept. 10, 2024 at 7:13 a.m. ET First Published: Sept. 10, 2024 at 6: ...

Bank of America increased its U.S. minimum wage to $24 per hour. The bank has gradually increased its minimum pay since 2017, and plans to reach $25 by 2025.

If Bank of America hits its $25-per-hour goal next year, its minimum hourly wage will have climbed more than 121% since 2010, the bank said. Bank of America has made a habit, too, of offering ...