U.S. companies rebounded from a lackluster showing in the first quarter of the year with a surge in profits that’s expected to fuel even more economic growth in the months ahead. The Commerce Department reported last week that after-tax profits among U.S. companies jumped 16.1 percent on a year-over-year during the quarter that ended June 30, qualifying as the largest such increase since 2012. The boom was especially pronounced in the banking industry, which pocketed more after-tax profits than…
from https://www.bizjournals.com/baltimore/news/2018/09/04/q2s-profit-surge-was-the-strongest-in-years-heres.html?ana=RSS&s=article_search
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