Wednesday, May 14, 2014

New York Financial Company Average Stock Market Prices Up 323% Under Obama, a Democratic US Senate and a Quantitative Easing US Fed, After Being Down 62% During Financial Meltdown

I found 95 New York Financial Headquartered Companies in Yahoo's or Google's superb Finance websites or from SEC filings with current Total Market Capitalizations of at least $100 mil and which also had their common stocks trading on each of the following three dates:

  • On December 31, 2007 during President Bush's second term
  • On March 6, 2009, very early in President Obama's first term, which was the lowest point for the US stock market due to the spillover effects resulting from the 2008 financial meltdown, and 
  • also on the most recent date May 13, 2014.

The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 95 New York Financial Companies had their average stock market prices decline by a massive 62% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.

But in the slightly more than five years since March 6, 2009, the average stock market prices of these same 95 New York Financial Companies have increased by a very impressive 323% through May 13, 2014, led by Newcastle Investment Corp's stock market price increasing by 29 times in the most recent roughly 5 years.

Altogether, 6 of these 95 New York Financial Companies..... Newcastle Investment Corp, iStar, SL Green Realty, JW Mays, NorthStar Realty Finance and XL Group..... had their stock market prices increase by more than 10 times in roughly the most recent 5 years, and Arbor Realty Trust just barely missed with a 9.97 times increase.

Only 4 of these 95 New York Financial Companies had their stock market prices decline over the most recent roughly 5 years.

In similar fashion, the US unemployment rate doubled from 5.0% in December 2007 to 10.0% in October 2009, early in President Obama's first term which was the very lowest point for the US Labor Market due to the lagging spillover effects resulting from the disastrous 2008 Financial Meltdown.

And then with the US economic stimulating actions of the Obama Administration, supported by both a Democratic controlled US Senate and US House (at the time), taking full effect, coupled with the Quantitative Easing by the US Fed, the US unemployment rate declined sharply from 10.0% in October 2009 to 6.3% in the most recently reported April 2014.

In like manner, New York's unemployment rate increased sharply, going from 4.7% in December 2007 to 8.8% in October 2009. And then with the US economic stimulating actions of the Obama Administration, supported by both a Democratic controlled US Senate and US House (at the time), going full throttle, coupled with the Quantitative Easing by the US Fed, the New York State unemployment rate declined markedly, going from 8.8% in October 2009 to 6.7% in the most recently reported April 2014.

Below here are the stock market prices of each of these 95 New York Financial Companies on May 13, 2014, on March 6, 2009, and on December 31, 2007, along with the related Stock Market Price Percentage Changes:






Market Market






Price Price






% %






Change Change



Market Market Market 3-6-09 12-31-07



Price Price Price to to
New York Company HQs
5-13-14 3-6-09 12-31-07 5-13-14 3-6-09



$s $s $s

Financial Companies














Newcastle Investment Corp New York NY         4.66      0.15      6.08 2912% -97%
iStar New York NY       14.46      1.09    26.05 1227% -96%
SL Green Realty New York NY      108.40      8.69    93.46 1147% -91%
JW Mays Brooklyn NY       49.74      4.20    22.15 1084% -81%
NorthStar Realty Finance New York NY       15.68      1.39      8.92 1028% -84%
XL Group New York NY       32.57      2.95    50.31 1004% -94%
Arbor Realty Trust Uniondale NY         7.13      0.65    16.11 997% -96%
Gramercy Property Trust New York NY         5.21      0.51    24.31 922% -98%
One Liberty Properties Great Neck NY       21.84      2.39    16.16 813% -85%
American Express New York NY       89.09    10.26    52.02 768% -80%
MarketAxess Holdings New York NY       54.66      7.05    12.83 675% -45%
American Intl Group New York NY       53.96      7.00   1,166.00 671% -99%
AmTrust Financial Services New York NY       43.90      5.88    11.38 647% -48%
Assured Guaranty Ltd New York NY       25.26      3.65    26.54 592% -86%
CIFC Corp New York NY         8.16      1.24      8.00 558% -85%
Fortress Investment Group New York NY         7.03      1.08    15.58 551% -93%
Financial Institutions Warsaw NY       23.61      3.95    17.82 498% -78%
KCAP Financial Inc New York NY         7.94      1.39    12.00 471% -88%
Lexington Realty Trust New York NY       11.27      1.99    12.88 465% -85%
Signature Bank New York NY      115.97    20.57    33.75 464% -39%
Pzena Investment Management New York NY         9.96      1.79    11.40 456% -84%
Evercore Partners Inc New York NY       58.50    10.71    21.55 446% -50%
MasterCard Purchase NY       74.83    14.24    21.52 425% -34%
Primus Guaranty Ltd New York NY         8.07      1.54      7.01 424% -78%
Moody's New York NY       83.24    16.04    35.70 419% -55%
The Blackstone Group LP New York NY       29.45      5.93    22.13 397% -73%
MBIA Inc Armonk NY       12.24      2.53    18.63 384% -86%
Cohen & Steers New York NY       41.00      8.51    29.97 382% -72%
Icahn Enterprises LP New York NY      101.44    21.97  129.72 362% -83%
Citigroup New York NY       47.42    10.30  294.40 360% -97%
McGraw Hill Financial New York NY       79.10    17.64    43.81 348% -60%
BGC Partners New York NY         7.34      1.66    11.30 342% -85%
Sovran Self Storage Williamsville NY       75.01    17.10    40.10 339% -57%
MetLife New York NY       52.02    12.22    61.62 326% -80%
Flushing Financial Lake Success NY       20.06      4.72    16.05 325% -71%
Assurant New York NY       68.45    17.19    66.90 298% -74%
M&T Bank Buffalo NY      121.97    31.85    81.57 283% -61%
Arch Capital Group New York NY       57.27    15.93    23.45 260% -32%
Vornado Realty Trust New York NY      105.23    29.31    87.95 259% -67%
E*TRADE Financial New York NY       21.46      6.10    35.50 252% -83%
JPMorgan Chase New York NY       54.62    15.93    43.65 243% -64%
WP Carey New York NY       61.15    18.02    33.20 239% -46%
Oppenheimer Holdings New York NY       23.41      7.13    42.35 228% -83%
BlackRock New York NY      302.96    92.40  216.80 228% -57%
Mesabi Trust New York NY       19.54      5.97    20.72 227% -71%
Kimco Realty New Hyde Park NY       22.73      7.01    36.40 224% -81%
BlackRock Kelso Capital New York NY         8.58      2.72    15.28 215% -82%
Acadia Realty Trust White Plains NY       27.63      8.90    25.61 210% -65%
Medallion Financial New York NY       14.10      4.57    10.02 209% -54%
GAMCO Investors Rye NY       79.38    26.62    69.20 198% -62%
Apollo Investment Corp New York NY         7.95      2.71    17.05 193% -84%
Blackstone Mortgage Trust New York ny       28.83    10.10  306.50 185% -97%
BRT Realty Trust Great Neck NY         7.18      2.59    12.64 178% -80%
Travelers New York NY       92.91    34.44    53.80 170% -36%
Marsh & McLennan New York NY       49.05    18.33    26.47 168% -31%
Community Bank System DeWitt NY       36.77    13.93    19.87 164% -30%
Resource Capital Corp New York NY         5.41      2.07      9.31 161% -78%
Broadridge Financial Solutions Lake Success NY       39.78    16.03    22.43 148% -29%
INTL FCStone New York NY       18.93      7.63    26.99 148% -72%
Greene County Bancorp Catskill NY       25.82    10.43    12.05 147% -13%
Home Properties Rochester NY       61.55    25.36    44.85 143% -43%
Loews New York NY       43.28    18.13    50.34 139% -64%
Lazard Ltd New York NY       50.08    21.34    40.68 135% -48%
Och-Ziff Capital Management New York NY       12.70      5.56    26.28 128% -79%
AllianceBernstein Holding LP New York NY       24.08    10.75    75.25 124% -86%
Astoria Financial Lake Success NY       13.25      6.20    23.27 114% -73%
Central Securities Corp New York NY       22.33    10.52    26.84 112% -61%
Goldman Sachs New York NY      160.28    75.65  215.05 112% -65%
Dime Community Bancshares Brooklyn NY       15.74      7.43    12.77 112% -42%
Berkshire Bancorp New York NY         7.50      3.76    16.01 99% -77%
The First of Long Island Glen Head NY       38.35    19.90    18.55 93% 7%
New York Community Bancorp Westbury NY       15.28      7.99    17.58 91% -55%
Bank New York Mellon New York NY       34.86    18.25    48.76 91% -63%
Nasdaq OMX Group New York NY       36.51    19.29    49.49 89% -61%
Cedar Realty Trust Port Washington NY         6.18      3.32    10.23 86% -68%
Morgan Stanley New York NY       30.33    17.18    53.11 77% -68%
Chemung Financial Elmira NY       28.00    16.00    28.05 75% -43%
Alleghany New York  NY      420.02  253.63  402.00 66% -37%
Tompkins Financial Ithaca NY       47.02    29.55    35.27 59% -16%
MFA Financial New York NY         8.02      5.32      9.25 51% -42%
Prospect Capital New York NY         9.81      6.58    13.05 49% -50%
Sterling Bancorp Montebello NY       11.50      7.73    12.92 49% -40%
NBT Bancorp Norwich NY       22.77    16.04    22.82 42% -30%
Arrow Financial Glen Falls NY       25.60    18.11    18.90 41% -4%
Getty Realty Jericho NY       19.76    14.30    26.68 38% -46%
TrustCo Bank Glenville NY         6.73      4.93      9.92 37% -50%
Bridge Bancorp Bridgehampton NY       24.11    18.45    24.30 31% -24%
Chimera Investment Corp New York NY         3.06      2.50    17.88 22% -86%
Cowen Group New York NY         4.14      3.74      9.51 11% -61%
Investment Technology Group New York NY       18.90    17.60    47.59 7% -63%
Suffolk Bancorp Riverhead NY       21.69    21.41    30.71 1% -30%
Greenhill & Co New York NY       52.23    57.47    66.48 -9% -14%
Annaly Capital Management New York NY       11.53    12.88    18.18 -10% -29%
First Niagara Financial Buffalo NY         8.81      9.87    12.04 -11% -18%
Value Line New York NY       13.66    26.92    40.72 -49% -34%








Average % Change all 95




323% -62%