$525 billion. That was Exxon's market capitalization at its peak in 2007; it's now down to about $175 billion. To compare, Wells Fargo has fallen to about $123 billion from a high of $320 billion at the start of 2018.It's been a terrible year for cyclical sectors like energy and financials, which tend to outperform during periods of economic prosperity but fall hard during recessions.
banks," Fitch Ratings analysts said in a note December 15, reiterating a negative rating for the sector and saying performance shouldn't ramp up until later in the year once vaccination efforts prove economically fruitful.
ElItalianoFB
Cue the worlds tiniest violin...
good.
Prosperous Work from Home Online Solution!!
Quick give them a few billion!
Shoulda put their treasuries into Bitcoin, Right Uncle Saylor? michael_saylor
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