Global Wealth & Investment Management — Labor and Related Expense
Bank of America Global Wealth & Investment Management — Labor and Related Expense increased by 5.3% to $3.26B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.6%, from $3.03B to $3.26B. Over 3 years (FY 2022 to FY 2025), Global Wealth & Investment Management — Labor and Related Expense shows an upward trend with a 6.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Rising costs may indicate headcount growth or increased performance-based compensation, which should be balanced against revenue growth.
Detailed definition
The total costs associated with employee compensation, including salaries, benefits, incentives, and payroll taxes withi...
Peer comparison
Standard operating expense category for financial services firms; essential for calculating efficiency ratios.
bac_segment_global_wealth_investment_management_labor_and_related_expenseHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.48B | $2.48B | $2.48B | $2.48B | $2.53B | $2.53B | $2.53B | $2.53B | $2.80B | $2.70B | $2.78B | $2.85B | $3.03B | $2.97B | $2.97B | $3.10B | $3.26B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +2.0% | +0.0% | +0.0% | +0.0% | +10.5% | -3.3% | +3.0% | +2.3% | +6.5% | -2.1% | +0.1% | +4.3% | +5.3% |
| YoY Change | — | — | — | — | +2.0% | +2.0% | +2.0% | +2.0% | +10.5% | +6.8% | +10.0% | +12.5% | +8.4% | +9.7% | +6.7% | +8.8% | +7.6% |
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Frequently Asked Questions
- What is Bank of America's global wealth & investment management — labor and related expense?
- Bank of America (BAC) reported global wealth & investment management — labor and related expense of $3.26B in Q1 2026.
- How has Bank of America's global wealth & investment management — labor and related expense changed year-over-year?
- Bank of America's global wealth & investment management — labor and related expense increased by 7.6% year-over-year, from $3.03B to $3.26B.
- What is the long-term trend for Bank of America's global wealth & investment management — labor and related expense?
- Over 3 years (2022 to 2025), Bank of America's global wealth & investment management — labor and related expense has grown at a 6.7% compound annual growth rate (CAGR), from $9.92B to $12.06B.
- What does global wealth & investment management — labor and related expense mean?
- Total costs related to paying and supporting the staff within the wealth management segment.