U.S. companies rebounded from a lackluster showing in the first quarter of the year with a surge in profits that’s expected to fuel even more economic growth in the months ahead. The Commerce Department reported this week that after-tax profits among U.S. companies jumped 16.1 percent on a year-over-year during the quarter that ended June 30, qualifying as the largest such increase since 2012. The boom was especially pronounced in the banking industry, which pocketed more after-tax profits than…
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Q2’s profit surge was the strongest in years. Here’s who led the charge around Portland.
