Wealth Management Wire
  • News
  • People
  • Banks
  • Insurance
  • Annuities
  • Directory
  • News
  • People
  • Banks
  • Insurance
  • Annuities
  • Directory
  • Home
  • »
  • Stories
  • »
  • 2018
  • »
  • January

Bank of America's quarterly results available

by Glenn Minnis | Jan 23, 2018

Bank of America serves more than 47 million customers domestically.
Bank of America serves more than 47 million customers domestically. | File photo

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.




More News

CHARLES SCHWAB: Put 2021 on the Fast Track with a Financial Fartlek

GENWORTH FINANCIAL: Genworth And Oceanwide Provide Transaction Update; Genworth To Focus on Contingency Plan

GREAT WESTERN BANK: A Stronger Commitment to Our Customers

ROBERT W. BAIRD & CO. INCORPORATED: Baird BOS Serves as Financial Advisor to Halma in Sale of Fiberguide to Molex

PRINCIPAL FINANCIAL GROUP: January economic outlook: an economy that’s treading water—and why it matters for your wallet

ROBERT W. BAIRD & CO. INCORPORATED: Baird and Huntington Announce Joint Marketing Arrangement for Real Estate Investment Banking

Trending

GENWORTH FINANCIAL: Genworth And Oceanwide Provide Transaction Update; Genworth To Focus on Contingency Plan

by Press release submission | Jan 8, 2021

GREAT WESTERN BANK: A Stronger Commitment to Our Customers

by Press release submission | Jan 1, 2021

ROBERT W. BAIRD & CO. INCORPORATED: Baird BOS Serves as Financial Advisor to Halma in Sale of Fiberguide to Molex

by Press release submission | Jan 1, 2021

CHARLES SCHWAB: Put 2021 on the Fast Track with a Financial Fartlek

by Press release submission | Jan 8, 2021

  • Copyright © 2025 Wealth Management Wire. All rights reserved.

  • News
  • About
  • Contact
  • Privacy Policy
  • Terms of Service

Alerts Sign-up