In some respects, 2016 was a repeat of 2015 as a year for public companies in the San Fernando Valley. Once again, there were a lot of mergers and acquisitions, with seven companies on the Valley 50 bought by other publicly traded companies or entering private hands.
Chris Mone, regional president in Los Angeles for BNY Mellon Wealth Management, the institution that compiles data for the Valley 50, said the market showed volatility again this year, but with one characteristic difference.
“The sentiment was different this year because of the election race that had a lot of unpredictably to it,” Mone said.
Yes, the election.
The surprise victory of billionaire businessman Donald Trump as president may have caused angst for some groups but the markets responded with a post-election rally.
Read the full story in the Dec. 12 issue of the San Fernando Valley Business Journal.