In an epidemic that triggered the economic recession and financial turmoil, the 10 largest companies in the United States continued to grow by every measure imaginable.
Forbes Global 2000’s 19th Annual List ranks the world’s largest listed companies based on combined market capitalization, sales, earnings, and assets scores for the 12 months ended April 16. For the largest company in the United States, all of these statistics are included in growth. The top 10 publicly traded companies in the United States have total sales of more than $ 2.2 trillion (a 29% increase from last year), profits of more than $ 316 billion (an increase of 17%) and assets of more than US $ 13.2 trillion. (an increase of 5%). In the last year, its total market value also increased by 87%, reaching approximately US $ 9.6 trillion.
JPMorgan Chase CEO Jamie Dimon gave a virtual speech on PostCovid economics
JPMorgan Chase & Co. CEO Jamie Dimon in Tees, Illinois, USA Virtual speech during a live webcast event on a laptop in Tiskilwa. United States, Wednesday, April 21, 2021. As the global economy wakes up from the pandemic slowdown, the discussion will show the company’s views on the post-Covid recovery, market and financial policies. Photographer: Daniel Acker / Bloomberg © 2021 BLOOMBERG FINANCE LP
JPMorgan Chase maintained its position as the largest listed company in the United States for the third consecutive year. In the year ended April 16, the total stock return of the giant bank soared by more than 81% to about $153 per share, exceeding the 52% total return of the S&P 500 Index during the same period. The New York-based bank was approved to issue a $29 billion payroll protection program loan to help small businesses affected by Covid19, the most of any financial institution. Its assets increased by approximately 17.5% last year to reach $ 3.7 trillion, prompting JPMorgan Chase to climb from one spot to second in the ranking of the world’s largest listed companies, outperforming the Bank. State-owned China Construction.
Second in the United States again is Berkshire Hathaway, which is billionaire Warren Buffett’s holding company in Omaha. Although it suffered a loss of $ 49.7 billion at the start of the pandemic in the first quarter of 2020, the largest loss in its history, the company recovered to $ 11.7 billion in the quarter ended March 31. Buffett, 90, also named a successor last month: Greg Abel, the current chief executive of Berkshire’s energy division.
Forbes Media Centennial Celebration
Billionaire Warren Buffett is still in charge of America’s second-largest company, even though he just named a successor. (Daniel Zuchnik / WireImage photography) WIREIMAGE
After overcoming supply chain problems, Apple has temporarily suspended operations in its Chinese factories in the previous few months, and is ranked 3rd on the US list. 2020. Bank of America is now ranked third. 4. In addition, Apple ranks first in the world in terms of profit (64 billion U.S. dollars) and market value (2.2 trillion U.S. dollars).
Alphabet, the parent company of Google, Microsoft, Citigroup and Wells Fargo, also entered the top 10, ranking similar to previous editions of the Global 2000 list. But two startups entered the top ten.
Because many Americans choose to avoid purchasing in person during the pandemic, businesses that focus on e-commerce benefit. With Jeff Bezos stepping down as CEO in February 2021, Amazon has jumped from 13th in 2020 to 5th overall in the United States. The Seattle-based company ranks second in the world in terms of sales, soaring about 30% to reach $386 billion last year. Further growth seems possible: eMarketer estimates that Amazon’s share of domestic e-commerce sales will rise from 39.8% in 2020 to 40.4% in 2021, surpassing competitors.
Wal-Mart launches Walmart Plus delivery service
The story of two retailers: Amazon and Wal-Mart climb the US rankings. (Photo: Justin Sullivan / Getty Images) GETTY IMAGES
Due to its strong online business, Wal-Mart has gone from 11th last year to 9th in the United States. Wal-Mart ranks first in global sales with $ 559 billion in revenue, even surpassing Amazon. The Bentonville, Arkansas-based retailer is also the largest employer in the United States, with more than 1.6 million employees. According to its latest earnings report, although Wal-Mart is known for its nearly 5,000 physical stores in the US, its domestic e-commerce business grew by approximately 79% in the fiscal year ending January 31.
It turns out that last year he was not friendly with the two long-term American leaders based in Texas. AT&T fell from fifth place in 2020 to 106, dragged down by a net loss of nearly $ 5.2 billion. In the fourth quarter, the company disclosed a reduction of its distressed DirectTV satellite business by $ 15.5 billion. As oil prices plummeted during the peak of the pandemic, ExxonMobil, the largest oil company in the United States, fell sharply from seventh place in the United States last year to 113. This massive oil company was born from a merger of $ 82 billion in 1999 and has suffered losses for four consecutive quarters, posting a net loss of $ 22 billion in the process. “Last year presented the most challenging market conditions in ExxonMobil history,” Chief Executive Officer Darren Woods wrote in his February earnings statement.
This year’s Global 2000 ranking gives us an idea of ​​how America’s largest companies performed during the pandemic. It remains to be seen whether changes in consumer preferences will outlast widespread vaccination and which companies will prosper or decline as a result. But Jamie Dimon, CEO of the world’s top 2,000 American companies, predicts the economy will continue to expand.
“Considering all the stimulus spending, potential infrastructure spending, continued quantitative easing, strong consumer and business balance sheets, and the euphoria surrounding the possible end of the pandemic, we believe the economy has the potential for extremely strong multi-year growth, “Dimon recently told JPMorgan Chase shareholders.

By Peter

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