I have already made separate posts related to the 3Q 2011 Earnings of both Freddie Mac and Fannie Mae, as well as of Big Financial Corps in the following US Big Financial Corp Sub-Sectors:
.....US Big Six Financial Corps
.....US Big National/Regional Banks
.....US Big Credit Card Corps
.....US Big Insurance Corps
In this post, I am addressing all of the remaining US Big Financial Corps, with Pretax Earnings of at least $100 mil, in either the 3Q 2011 or the 3Q 2010, which have released their 3Q 2011 earnings by today, November 16, 2011 .
Below here are 3Q 2011 Pretax Earnings, along with the prior year 3Q 2010 amounts, of these 39 US Big Financial Corps, broken down by Financial Sub-Sector.
...........................................................................Increase
...............................................PTI(L).......PTI(L)......(Decrease)
.................................................3Q.........3Q..................
...............................................2011......2010....Amount....%
.................................................(millions of dollars)
Security Brokers and Investment Advice
Regular Investment Corps
BlackRock 665 785 (120) -15%
Franklin Resources 561 552 9 2%
CME Group 546 416 130 31%
Charles Schwab(1) 360 331 29 9%
T Rowe Price Group 297 271 26 10%
TD Ameritrade 264 186 78 42%
Ameriprise Financial 247 446 (199) -45%
NYSE Euronext 227 128 99 77%
Interactive Brokers 218 162 56 35%
IntercontlExchange 196 147 49 33%
Nasdaq OMX Group 170 143 27 19%
Invesco Ltd 143 82 61 74%
Total all 12 3,894 3,649 245 7%
Partnerships, REIT & Hedge Investment Firms
Fortress Investment Grp (385) (276) (109) -39%
Annaly Captl Mgt REIT(2) (906) (4) (902) NM
Blackstone Group LP (994) 143 (1,137) -795%
Apollo Global Mgt(3) (1,764) 163 (1,927) -1182%
KKR LP(4) (3,185) 1,371 (4,556) -332%
Total all 5 (7,234) 1,397 (8,631) -618%
Financial Data Services
Western Union 314 309 5 2%
Fidelity Natl Info Svcs(5) 215 288 (73) -25%
Fiserv(6) 198 202 (4) -2%
Moodys 185 181 4 2%
Alliance Data Systems 153 86 67 78%
Equifax 109 97 12 12%
Fidelity Natl Financial 97 117 (20) -17%
Lender Processing Svcs 67 128 (61) -48%
First Data (77) (365) 288 79%
Total all 10 1,261 1,043 218 21%
Diversified Fincl Services
CIT Group 14 236 (222) -94%
Springleaf Finance (57) (112) 55 49%
SLM(7) (116) 50 (166) -332%
Ally Financial(8) (123) 325 (448) -138%
HSBC Finance Corp US(9) (2,018) (1,351) (667) -49%
Total all 5 (2,300) (852) (1,448) -170%
Late Reporting Foreign-Owned Banks
Santander Holdings USA 311 308 3 1%
HSBC USA 296 429 (133) -31%
Total of both 607 737 (130) -18%
Other Financial
Simon Prop Grp REIT(10) 255 169 86 51%
Public Storage REIT(11) 203 178 25 14%
CBRE Group 107 86 21 24%
H&R Block(12) (193) (207) 14 7%
Total all 5 372 226 146 65%
Total all 39 (3,400) 6,200 (9,600) -155%
Total 35 except Partnership
…REIT & Hedge
…Investment Firms 3,834 4,803 (969) -20%
(1) Charles Schwab 2010 PTI excludes Money Market Mutual Fund Charge.
(2) Annaly Capital Management, an REIT, PTI(L) in both years includes huge Gains and Losses from Interest Rate Swaps.
(3) Apollo Global Management 2011 PTI includes huge Carried Interest Loss.
(4) KKR LP, a Partnership, PTI(L) in both years includes huge Gains and Losses from Investment Activities.
(5) Fidelity National Information Services 2010 PTI excludes Asset Impairment Charge.
(6) Fiserv 2011 PTI excludes Loss on Debt Extinguishment.
(7) SLM 2010 PTI includes large Intangible Asset Impairment Charge.
(8) Ally Financial 2011 PTL includes large Loss on Market Servicing Rights Valuation Reduction.
(9) HSBC Finance Corp US 2011 PTL includes much higher Loan Loss Provision than that recorded in 2010.
(10) Simon Property Group, an REIT, PTI in both years is Operating Income less Interest Expense.
(11) Public Storage, an REIT, PTI in both years is before Foreign Currency Exchange, Gains and Losses on Asset Sales, Gains and Losses on Debt Retirement, and Asset Impairment Charges.
(12) H&R Block 2011 PTI excludes Goodwill Impairment Charge.
As you can see from the above chart, these 39 US Big Financial Corps recorded a Total Pretax Loss of $3.4 bil in the 3Q 2011, which was down an incredible $9.6 bil from the 3Q 2010.
However, if you back away the 5 Huge Partnerships, REIT & Hedge Investment Firms, then this massive $9.6 bil Total Pretax Income Reduction in 3Q 2011 earnings, as compared with that of a year ago, is pared down by a huge $8.6 bil, to $1.0 bil.
These 5 Huge Partnerships, REIT & Hedge Investment Firms had their 3Q 2011 Earnings just crushed by the substantial US Stock Market Decline in the latter part of the 3Q 2011, which itself was driven mainly by US Congressional Republicans breaking off the Grand Bargain Debt Ceiling talks with the Obama Administration, as well as by US Congressional Republicans refusing to work with the Obama Administration in its clearly US job-creating American Jobs Act.
============================================
Late Addition Big Partnerships, REIT & Hedge Investment Firms
Not Included in the Above Charts
....................................................PTI(L)....PTI(L)...Increase.......
.......................................................3Q.......3Q.....(Decrease)....
.....................................................2011...2010..Amount..%..
.......................................................(millions of dollars)
Newcastle Investment REIT...........30.....163.....(133).....(82)%
Icahn Enterprises LP....................(39)....772.....(811)....(105)%
Primus Guaranty Ltd..................(283)....225.....(508)....(226)%
American Capital Ltd.................(529)......90.....(619)....(688)%
Total of all 4.............................(821)..1,250...(2,071)....(166)%
