These 13 Upper State New York Non-Financial Corps had their average stock prices increase by 145% from January 16, 2009 to Aug 19, 2013. And all 13 had their stock prices increase over that four years and seven months. Also, this 145% increase is more than one and a half times the 94% increase in the S&P 500 Index over the same time span.
Upper State New York citizens have to be very pleased with the overall stock market performance of their superb Upper State New York Non-Financial Companies during the Obama Administration.
But it wasn't just the Obama Administration. It was also all about New York's two fine US Senators, their savvy US Congress members, their State Governor and their State legislators.....all of whom worked both diligently and effectively on behalf of all Non-Financial New York businesses of all sizes.
On the downside, the 7 Upper State New York Financial Corps didn't do nearly as well, with their average stock prices up only 36% during the same time span. This is pretty similar to what is happening all over the country. It is pretty clear to me that the US Fed as well as the US Congress have both dramatically and continually helped the large New York-based financial institutions and Fannie Mae, Freddie Mac and Sallie Mae, but have done very little to aid the smaller financial institutions or the people with high interest rate mortgages, very high student education loans, high credit card debts, or sky-high rents. This isn't right.....not even close to being right.
Below here are the common stock market closing prices of each of these 20 Upper State New York Corps at both the most recent date (August 19, 2013) and also at the date just before President Obama took office in his first term (Jan 16, 2009), as well as the percentage stock market price changes for this period of time:
|Trans World Entertainment||Albany||4.95||1.16||327%|
|Monroe Muffler Brake||Rochester||43.21||15.99||170%|
|National Fuel Gas||Williamsville||65.27||29.11||124%|
|Average Increase: all 13 Upper State New York Non-Financial Corps||145%|
|Dow Industrials Index||15,010.74||8,281.22||81%|
|S&P 500 Index||1,646.06||850.12||94%|
|S&P Mid-Cap 400 Index||1,197.72||516.75||132%|
|S&P SmallCap 600 Index||575.10||247.89||132%|
|M&T Bank Corp||Buffalo||116.06||39.93||191%|
|Community Bank System||De Witt||33.76||20.56||64%|
|First Niagara Financial Group||Buffalo||10.45||13.88||-25%|
|Trustco Bank Corp||Glenville||6.17||8.42||-27%|
|Average Increase: all 7 Upper State New York Financial Corps||36%|