06:59 AM EST, 01/10/2025 (MT Newswires) -- Bank of America ( BAC ) is likely to raise its bonus pool for investment bankers by an average of 10% for 2024, Reuters reported Friday, citing a source familiar with the matter.

The increases will vary, with mid-to-high single-digit payouts for some investment bankers, while top performers will exceed the 10% mark, two sources said.

Bonuses are expected to be distributed in February.

Bank of America ( BAC ) did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)