Thursday, September 25, 2014

New York 21 Largest Financial Company Audited Profits Were $169 bil in 2 Years 2012 and 2013 vs Losses of $99 bil in 2 Years 2008 and 2009

Since the US Senate Races deciding who will get control of the US Senate are really heating up and many of them appear to be tossups and also since many of the US Senate fundraisers have been held in the New York Metro Area, with many more planned, I think it would be helpful to research how the 21 New York Financial Companies with Market Capitalizations now of at least $10 bil each and with annual audited financial statements filed with the SEC covering all years from 2007 to 2013 have done on the earnings front before, during and after the late 2008 financial meltdown..

The Total Audited Net Income from Continuing Operations of these 21 largest New York Financial Companies for the 2 Most Recent Years 2012 and 2013 totaled $168.9 bil vs Total Audited Net Losses from Continuing Operations for the 2 Years 2008 and 2009 of a devastating $99.0 bil.

In addition, the Total Audited Earnings of these 21 largest New York Financial Companies in 2013 of $95.3 bil were up 34% over the comparable earnings in 2007 of $71.4 bil, which was the peak year earnings before the disastrous effects of the 2008 financial meltdown hit......they not only recouped the earnings they lost with the financial meltdown, but they also added another 34% of earnings.   

This incredibly off-the-charts earnings resurrection for these 21 largest New York Financial Companies from 2008 and 2009 to the most recent 2013 occurred when the US Senate was under Democratic control and also when Barack Obama was US President.  The US financial meltdown occurred in late 2008 when George W. Bush was US President.

Given the above annual earnings history, it only makes sense to me that the earnings in the next two years of New York Financial Companies, and also frankly of all US Companies in all industries, have a much higher chance of being much better under a US Senate controlled by the Democrats than by the Republicans.  I think the many smart New York Financial people have already figured all of this out.  And the economic beneficiaries of a US Senate controlled by the Democrats will also be the many US customers of these financially astute New York Financial Companies.

Below here are the Audited Net Income (Losses) of each of these 21 largest New York Financial Companies for each of the following six years: 2013, 2012, 2011, 2009, 2008 and 2007:

2013 2012 2011 2009 2008 2007



Audited Audited Audited Audited Audited Audited


Most Net Net Net Net Net Net


Recent Income Income Income Income Income Income


FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
New York Financial Co HQs
mil $s mil $s mil $s mil $s mil $s mil $s









JPMorgan Chase New York Dec 13           17,923           21,284           18,976           11,728              5,605           15,365
Citigroup New York Dec 13           13,630              7,818           11,147           (1,066)         (32,029)              3,192
American Intl Group New York Dec 13              9,008              3,699           18,863         (11,770)         (97,634)              6,867
Goldman Sachs New York Dec 13              8,040              7,475              4,442           13,385              2,322           11,599
KKR & Co LP New York Dec 13              7,854              8,028                 876              6,852         (13,055)              2,401
American Express New York Dec 13              5,359              4,482              4,899              2,137              2,871              4,126
Annaly Capital Management New York Dec 13              3,730              1,736                 344              1,961                 346                 415
Travelers New York Dec 13              3,673              2,473              1,426              3,622              2,924              4,601
Morgan Stanley New York Dec 13              3,656                 757              4,696              1,193              1,158              2,200
MetLife New York Dec 13              3,391              1,314              6,391           (2,318)              3,481              4,105
MasterCard Purchase Dec 13              3,116              2,759              1,906              1,463               (254)              1,086
BlackRock New York Dec 13              2,951              2,440              2,339                 897                 629              1,357
The Blackstone Group LP New York Dec 13              2,893                 830               (268)           (2,391)           (5,594)              5,661
Icahn Enterprises LP New York Dec 13              2,444                 762              1,800              1,194           (3,173)                 480
Bank New York Mellon New York Dec 13              2,192              2,523              2,569               (813)              1,455              2,228
Marsh & McLennan New York Dec 13              1,379              1,204                 982                 242                 (69)                 557
M&T Bank Buffalo Dec 13              1,138              1,029                 859                 380                 556                 654
Loews New York Dec 13              1,069              1,110              1,694              1,385                 580              2,199
McGraw Hill Financial New York Dec 13                 903                 726                 626                 750                 819              1,027
Moody's New York Dec 13                 816                 700                 578                 407                 462                 707
Vornado Realty Trust New York Dec 13                 140                 402                 575                    77                 238                 540









Total all 21

          95,305           73,551           85,720           29,315       (128,362)           71,367









Two Year Totals

   




…..2012 and 2013

        168,856




…..2008 and 2009
                         (99,047)









More details to come.
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