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These 17 US companies have the biggest piles of cash

August 22, 2017

American companies are hoarding cash like crazy.

In the second quarter of 2017, twenty-four of the largest American companies are holding on to a whopping $1.01 trillion in cash reserves, up 1.63% from the first quarter, according to analysis of second quarter earnings reports by Bank of America

Of the $1.01 trillion, just over 80% is held stashes outside the United States, with a hefty majority held in the form of corporate and treasury bonds.

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