Bank of America's quarterly results available
Bank of America has reported fourth-quarter adjusted revenue earnings that fell short of expectations.
Adjusted revenue came in at $21.4 billion, after being pegged at $21.531 billion.
Results were reported early Jan. 17, followed by an investor presentation that shareholders could listen in on either over the company’s website or by phoning into a conference call connection.
According to CNBC, while the bank reported better-than-expected adjusted fourth-quarter revenue, investors seem to lend more focus to quarterly earnings. While shares were up nearly 36 percent over the year, they were down by 2.4 percent for the quarter, with bank officials reporting a charge of $2.9 billion related to the new GOP tax bill.
Bank of America serves more than 47 million customers domestically and boasts business relationships through approximately 4,500 retail financial centers and 16,000 ATMs, including 34 million active digital banking users and approximately 24 million mobile users.
The company also services clients through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 other countries.