Citing an internal memo, the WSJ and Bloomberg report Bank of America (NYSE:BAC) as joining Wells Fargo, PNC Financial, Fifth Third, AT&T and others in opening up its wallet following passage of the tax bill.
Roughly 145K BofA employees making $150K or less will receive a $1K bonus prior to year-end, according to the reports.
Previously: PNC Financial latest to raise pay after tax reform (Dec. 22)
Now read: Banks In 2018: Forget About Trump »
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