This chart shows the 17 US companies with the biggest piles of cash

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 in stashes outside the United States. A solid majority of the holdings are in the form of corporate and treasury bonds, which Bank of America sees as a sign ...