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FAB - Corporate Profits Hit A Record High In The Third Quarter
First Trust Multi Cap Value AlphaDEX Fund
U.S. corporate profits before tax and excluding adjustments for capital consumption and inventory valuation rose to a record-high $3,139.1 billion at a seasonally-adjusted annual rate in the third quarter.
U.S. corporate profits after tax and excluding adjustments for capital consumption and inventory valuation rose to a record-high $2,742.1 billion.
Compared to the pre-pandemic final quarter of 2019, third quarter after-tax profits are up 39.6 percent.