No. 5: Bank of America
State: North Carolina
YTD Return: 44%
The key to such success has no doubt been BofA’s restructuring efforts. It cut costs by laying off tens of thousands of workers last year and by reducing expenses from its investment banking and trading operations.
And while layoffs are never desired, the results sure look good. BofA is up a whopping 44% since January.
The company still some work to do though, and it’s slightly in the red for the last 12 months despite those gains.
Regardless, the Charlotte-based bank serves about 56 million clients across the nation and still has more than 200,000 American workers on its payroll. Heck, it even has a patriotic logo. And so far this year, its returns are definitely something America can be proud of.