If you had invested all your money in Charlotte-area companies’ stocks, you would’ve done pretty well in 2016.
That’s not a strategy any rational investor would likely use. But the rising share prices of a cross-section of large companies based in and around Charlotte offer a window into how well a broad swath of the market did in 2016: Companies from financial to energy to manufacturing to quick-service restaurants saw their shares soar, boosting many investors’ portfolios.
The stocks of 20 of 25 major Charlotte-area companies climbed in 2016, some of them sharply. Bank of America, the largest company in North Carolina, jumped almost 31 percent as interest rates started to rise, the bank trimmed jobs and investors anticipated easing financial regulations under the administration of President-elect Donald Trump.