Corporate Profits See Highest Jump Since 2004

June 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

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