{"id":58489,"date":"2026-02-13T18:08:24","date_gmt":"2026-02-13T22:08:24","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/bank-of-america-hikes-ceo-moynihans-pay-to-41-million-trump-mandates-voter-id-for-2026-midterms\/58489\/"},"modified":"2026-02-13T18:08:24","modified_gmt":"2026-02-13T22:08:24","slug":"bank-of-america-hikes-ceo-moynihans-pay-to-41-million-trump-mandates-voter-id-for-2026-midterms","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/bank-of-america-hikes-ceo-moynihans-pay-to-41-million-trump-mandates-voter-id-for-2026-midterms\/58489\/","title":{"rendered":"Bank of America Hikes CEO Moynihan\u2019s Pay to $41 Million; Trump Mandates Voter ID for 2026 Midterms"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Bank of America (<a href=\"\/stock\/BAC\">BAC<\/a>)<\/strong> increased CEO <strong>Brian Moynihan\u2019s<\/strong> total compensation to <strong>$41 million<\/strong> for 2025, a <strong>17% jump<\/strong> from the <strong>$35 million<\/strong> he received the previous year.<\/li>\n<li>President <strong>Donald Trump<\/strong> declared that <strong>voter ID<\/strong> requirements will be enforced for the <strong>2026 midterm elections<\/strong>, asserting the mandate will proceed regardless of <strong>Congressional approval<\/strong>.<\/li>\n<li>The pay raise follows a year of <em>strong financial results<\/em> for the bank, including a <strong>13% increase in net income<\/strong> to <strong>$30.5 billion<\/strong> and a <strong>25% rise<\/strong> in its share price during 2025.<\/li>\n<li>Trump\u2019s directive coincides with the House passage of the <strong>SAVE America Act<\/strong>, though the President signaled he is prepared to use <em>executive authority<\/em> to bypass potential Senate gridlock.<\/li>\n<li>Moynihan\u2019s compensation aligns with a broader trend among &quot;Big Six&quot; lenders, where <strong>$40 million<\/strong> is becoming the new benchmark for executive pay following record-breaking industry profits.<\/li>\n<\/ul>\n<p><strong>Bank of America (<a href=\"\/stock\/BAC\">BAC<\/a>)<\/strong> has significantly boosted the annual pay for Chairman and CEO <strong>Brian Moynihan<\/strong>, rewarding the executive for a year of <em>robust organic growth<\/em> and <em>market outperformance<\/em>. The board approved a total 2025 compensation package of <strong>$41 million<\/strong>, up from <strong>$35 million<\/strong> in 2024, citing Moynihan&#39;s leadership in navigating a <em>complex interest rate environment<\/em>.<\/p>\n<p>The bank reported <strong>$113.1 billion<\/strong> in revenue for 2025, supported by record <strong>net interest income<\/strong> and a <strong>19% increase<\/strong> in diluted earnings per share to <strong>$3.81<\/strong>. <em>Market analysts<\/em> noted that the raise places Moynihan in line with peers like <strong>JPMorgan Chase (<a href=\"\/stock\/JPM\">JPM<\/a>)<\/strong> CEO <strong>Jamie Dimon<\/strong>, who received <strong>$43 million<\/strong>, and <strong>Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>)<\/strong> CEO <strong>David Solomon<\/strong>, who led the group with <strong>$47 million<\/strong>.<\/p>\n<p>In the political arena, President <strong>Donald Trump<\/strong> sparked fresh debate by vowing that <strong>voter ID<\/strong> will be a requirement for all voters in the upcoming <strong>2026 midterm elections<\/strong>. &quot;There will be voter I.D. for the midterm elections,&quot; Trump stated on Friday, adding that the measure would be implemented &quot;whether approved by Congress or not.&quot;<\/p>\n<p>The announcement follows the recent House approval of the <strong>SAVE America Act<\/strong>, a bill requiring documentary proof of citizenship and photo identification for federal elections. While the legislation faces a difficult path in the <strong>Senate<\/strong>, Trump\u2019s comments suggest a move toward <em>nationalizing election standards<\/em> through executive action. <em>Legal experts<\/em> anticipate immediate challenges to such a mandate, as the <strong>U.S. Constitution<\/strong> traditionally grants states the primary authority over election administration.<\/p>\n<p>The dual developments highlight a period of <em>heightened institutional activity<\/em> as the U.S. enters a critical election year. While <strong>Bank of America (<a href=\"\/stock\/BAC\">BAC<\/a>)<\/strong> focuses on maintaining its <strong>$2.01 trillion<\/strong> deposit base and expanding its digital dominance, the federal government appears headed for a <em>significant legal showdown<\/em> over the mechanics of the democratic process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Bank of America (BAC) increased CEO Brian Moynihan\u2019s total compensation to $41 million for 2025, a 17% jump 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