America’s Largest Public Companies In 2020: JPMorgan Chase Leads For The Second Year In A Row

There hasn’t been much change for many of the U.S. companies since last year—nine of the top ten companies held onto their spots . Berkshire Hathaway recovered with a second place finish after dropping to 12th last year, and Chevron, which ranked tenth in the U.S. last year, slid to 26th after depressed oil prices led to lackluster Q1 earnings.

As the coronavirus pandemic lays siege to the economy, companies of all sizes have been forced to reckon with new realities. A shockingAmericans filed for unemployment in April alone, and the federal deficit is expected to grow fourfold amid stimulus spending, ballooning to $3.7 trillion by the end of the fiscal year. While stocks have soared in recent weeksoptimism is tempered by the threat of resurgence and intermittent lockdowns as the world waits for a vaccine.

These rankings offer a snapshot of how some major U.S. companies fared before the virus took hold and illustrate how others have weathered the crisis so far. Apple, for example, was hit hard by supply chain issues during the early days of the pandemic when factories in China ground to a screeching halt. Yet, CEO Tim Cook said in an April 30 earnings call that despite slowed revenue growth and “amid the most challenging global environment in which we’ve ever operated our business, we’re proud to say that Apple grew during the quarter.” Apple’s shares have risen since the company reported earnings.

Berkshire Hathaway, in particular, suffered heavy losses as a result of the crisis. The holdings conglomerate reported $49.7 billion in losses earlier this monthBillionaire investor Warren Buffett sold a significant stake in the beleaguered airline industry. “I just decided that I’d made a mistake,” Buffett said.

Спасибо за новость

And how many bailouts will jpmorgan chase have gotten since 2007?

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