New York City’s biggest companies are raking it in. Here’s what’s driving the profit boom.


Corporate America's bottom line is booming on the back of a resurgent economy and the prospect that the good times are just getting started. In New York City, the banking and tech sectors were — unsurprisingly — the most successful this quarter.

As of May 23, some 3,193 publicly traded U.S. companies had closed the books on 2018's first fiscal quarter, reporting combined net income of $358.3 billion during the three-month span.

The total marked a 26 percent year-over-year surge over the…

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