Financial institution of The united states Corp. has long claimed the title of the Charlotte region’s greatest-rated company on the Fortune 500 list. But this 12 months, it was handed in the rating by Mooresville-primarily based dwelling-advancement retail huge Lowe’s Cos. Inc.
[ALSO READ: Lowe’s kicks off centennial with $10M initiative to give back]
In whole, there are 9 businesses in the larger Charlotte place, 13 in North Carolina and none in South Carolina that made the slash this 12 months. Those quantities are all unchanged from the 2021 checklist. Fortune ranks corporations each individual 12 months by complete revenue for their respective fiscal many years. Included on the record are general public and personal corporations incorporated and functioning in the U.S., and that file fiscal statements with a govt company. The business enterprise publication’s 68th version of the ranking was launched this early morning.
Lowe’s — in spite of dropping four places to No. 35 this calendar year — edged out Charlotte-based mostly Financial institution of America, which put at No. 36 — down 7 places from past year’s record. Lowe’s recorded $96.2 billion in revenue throughout the most latest fiscal calendar year, up 7.4% yr around year. Bank of The us had yearly earnings of $93.8 billion, up just .1% above the 12 months.
Browse the comprehensive story here to see how the rest fared.
(Look at the video down below: Lowe’s ‘Bucket Brigade’ stocks critical things for envisioned hectic hurricane season)
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