Market capitalization is an interesting metric because, to some extent anyway, it captures investor sentiment about a sector’s future prospects. That being said, its always of interest to understand where profits are being generated in today’s economy.
The surprise here, given the frenzy around the technology sector, is the financial sector generates almost twice the profit dollars as technology. For all the hype around Apple’s cash generating engine, JPMorganChase generates nearly as much profit annually as Apple does.
Within the healthcare sector we see that despite the hype around both Eli Lilly and Novo Nordisk, both Johnson&Johnson and Merck&Co bring in significantly more profit dollars than those two market cap front-runners.
