Corporate Profits See Highest Jump Since 2004June 6, 2011 9:45 am
We spotted this stat today:
“According to the U.S. Commerce Department, overall corporate profits during the last three months of 2010 grew by 20.4%, their highest jump since 2004.
A lot of Wall Street onlookers think that’s positive, even though companies were holding onto $1.9 trillion of that excess cash at end-2010, according to the Fed. ”
Statistics Source: Curious Capitalist