Bank of America awards $750 cash bonuses to employees amid pandemic

Bank of America Corp. is awarding cash bonuses to employees as a show of support during the pandemic, the bank said in a memo this week. Eligible employees earning $100,000 or less in annual pay will receive a $750 award. Employees making $100,001 to $500,000 per year will receive a stock grant based on compensation, the memo said. These awards are in addition to any regular incentives.