Bank of America remains atop Fortune 500 companies in Charlotte, N.C. – Charlotte Business Journal

The Charlotte region’s Fortune 500 headquarters count remained steady at six in Fortune magazine’s listing of the largest U.S. public and private corporations for 2018.

There were no companies in South Carolina that made the Fortune 500 ranking.

Charlotte-based Bank of America Corp. (NYSE: BAC) remained in the top spot for North Carolina, moving up two spots to No. 24 with $100.3 billion in revenue in 2017.

Among local companies, Sealed Air Corp. (NYSE: SEE) was the biggest mover on the list, dropping 59 spots to No. 456.

The financial publication recently released its 64th annual Fortune 500 list, ranking companies based on revenue from the fiscal year 2017. Fortune says companies on this year’s list grew sales by 6% over last year’s ranking, to $12.8 trillion in revenue, and their profits increased around 13%, to $1 trillion.

Discount retail giant Walmart Inc. (NYSE: WMT) topped the list for the sixth year in a row with revenue of $500.3 billion. Online retailer Inc. (NASDAQ: AMZN) cracked the Top 10 for the first time this year with revenue of $177.9 billion, a 31% growth in sales from 2016.

To see the full list of Fortune 500 companies in North Carolina, click on the accompanying photo gallery. Here are the six firms based in the Charlotte area that made the cut, listed by rank and revenue from the last fiscal year:

24: Bank of America Corp., $100.3 billion (rank up from 26)40: Lowe’s Cos. Inc., $68.6 billion (rank unchanged from 2017)125: Duke Energy Corp., $23.2 billion (rank down from 121)151: Nucor Corp., $20.3 billion (rank up from 169)298: Sonic Automotive Inc., $9.9 billion (rank up from 287)456: Sealed Air Corp., $6.1 billion (rank down from 397)

Largest Public Companies in NC

Ranked by Market value May 1

Rank Business name (exchange:ticker) Market value May 1 1 Bank of America Corp. $235.49 billion 2 Reynolds American Inc. $91.87 billion 3 Lowe’s Cos. Inc. $72.41 billion View This List

Source Article