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Get BAC alertsPaul Donofrio is recorded as CFO at Bank Of America Corp (BAC). The proxy statement of Bank Of America Corp reports total compensation of $20,660,643 for Paul Donofrio in fiscal 2022, including a base salary of $1,000,000. Disclosed compensation is on record for 6 fiscal years. Paul Donofrio has spoken on 6 earnings calls across 1 company, most recently for Bank Of America Corp on October 14, 2021. Bank Of America Corp is classified in the Banks - Diversified industry within the Financial Services sector. Other leadership on record at Bank Of America Corp includes Alastair M. Borthwick (CFO), Thomas K. Montag (COO), Johnbull Okpara (Chief Accounting Officer) and 7 others.
“I will start on slide 8 by adding a couple of comments on revenue and returns. On a year-over-year basis, revenue rose 12%. The improvement was driven by a nearly $1 billion increase in net interest income and a nearly $1.5 billion increase in non-interest income.”
“As I have done in the past few quarters, the majority of my comparisons will be relative to the prior quarter rather than year-over-year, given the pandemic. Since Brian already covered a lot of the income statement, I will just add a couple of comments on revenue and returns.”
“As I've done in the past few quarters now, the majority of my comparisons will be relative to the prior quarter to reflect how we are progressing through this health crisis rather than year-over-year.”
“I'm starting on slides 6 and 7 together. As I did last quarter, I will mostly compare our results relative to Q3, as most investors we speak with are more interested in our progress as we traverse the pandemic rather than in comparison to pre-pandemic periods.”
“Well, look, again, our sales and trading results were solid with the total revenue up 4% year-over-year, equities up 6, FICC up 2. We had no days with trading losses again this quarter.”
Banks - Diversified · Financial Services
CFO
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2022 | Bank Of America Corp (BAC) | Vice Chair | $1,000,000 | $20,660,643 |
| 2021 | Bank Of America Corp (BAC) | Vice Chair | $1,000,000 | $12,669,214 |
| 2020 | Bank Of America Corp (BAC) | Vice Chair | $1,000,000 | $12,173,284 |
| 2019 | Bank Of America Corp (BAC) | Vice Chair (Former Chief Financial Officer) | $1,000,000 | $12,595,312 |
| 2018 | Bank Of America Corp (BAC) | Chief Financial Officer | $1,000,000 | $11,929,459 |
| 2017 | Bank Of America Corp (BAC) | Chief Financial Officer | $987,500 | $12,177,634 |
