As Yahoo News reports there were at least 10 of the Fortune 500 companies which increased their profits by at least 65% last year despite the recession and had large gains in revenues as well some in triple digits.
Among the leaders were US Services Automotive Association which increased profits by 614% followed by Republic Services at 570%, Wells Fargo over 360% increase in profits and at fourth Dollar general store. They found that as more high income people become frugal given the economy and they became known as inexpensive instead of cheap business was booming. Some of the others being banks and automotive companies had lower comparisons they had to hit given the prior year but still impressive given the economy to significantly grow revenue in at least double digits and have have 65% or better increase in profits.
It is these types of earnings that are increasing the size of a lot of trusts and estates currently as the stock market continues to significantly rise as a result.