U.S. bankruptcy filings spiked in August after slowdown in July
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 10 2024
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Should l Buy ?
Source: MarketWatch
Bankruptcy Filings Increase: U.S. bankruptcy filings surged in August, marking the highest total for the first eight months of the year since 2020 and the second-highest since 2010, according to S&P Global Market Intelligence.
Comparison with Previous Years: There were 452 bankruptcy filings from January to August 2023, slightly lower than 466 in the same period of 2020 and significantly lower than 604 in 2010.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
