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Bank of America’s Headcount Rises for First Time in a Decade

  • Additions totaling 3,600 include staff from low-income areas
  • ‘We begin 2020 strong,’ CEO Moynihan says in company memo
Bank of America Corp. headquarters in Charlotte.

Bank of America Corp. headquarters in Charlotte.

Photographer: Chris Keane/Bloomberg

Updated on

Bank of America Corp.’s headcount is up for the first time in 10 years.

The company’s 3,600 net additions last year included thousands of employees from low- and moderate-income areas, Chief Executive Officer Brian Moynihan said in a memo to staff Friday. The lender also reached a goal of adding 10,000 military veterans over five years.