59 Largest California Financial Company 2013 Audited Earnings Up 3,743% Over 2008

Since President Barack Obama will be attending a DNC Fundraiser in Los Angeles on  October 9, 2014 at the home of very talented actress Gwyneth Paltrow and two additional DNC Fundraisers in San Francisco, Calif. on Friday October 10, 2014 and on Saturday, October 11, 2014, I think it would be helpful to research how the 59 California Headquartered Financial Companies with Market Capitalizations now of at least $1 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 2013 Net Income from Continuing Operations of the 59 California Financial Companies was $49.6 bil, an increase of a phenomenally off-the-charts 3,743% over the comparable Net Loss from Continuing Operations of $1.4 bil in the financial meltdown year of 2008, the last year of the Presidency of George W. Bush/Dick Cheney.

In addition, the Total Audited Earnings of these 59 largest California Financial Companies in 2013 of $49.6 bil were up an exceptionally off-the-charts 239% over the comparable earnings in 2007 of $14.6 bil, which was the peak year earnings before the disastrous effects of the 2008 financial meltdown hit......these California Financial Companies not only recouped the earnings they lost with the financial meltdown, but they also added another incredibly high 239% of earnings.

This phenomenally off-the-charts earnings recovery for these 59 largest California Financial Companies from 2008 to the most recent 2013 occurred when Democrats controlled the US Senate, President Obama was in office and there were very effective US Fed Chairpersons. 

Below here are the Audited Net Income (Loss) From Continuing Operations for each of these 59 California Financial Companies in 2013, 2012, 2011, 2009, 2008 and in 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)
California Financial Company	HQs		mil $s	mil $s	mil $s	mil $s	mil $s	mil $s
San Francisco/Silicon Valley Areas
Wells Fargo	San Francisco	Dec 13	22,224	19,368	16,211	12,667	2,698	8,265
Visa	San Francisco	Sep 13	4,980	2,142	3,646	2,352	804	(1,071)
eBay Inc	San Jose	Dec 13	2,856	2,609	3,229	2,389	1,779	348
Franklin Resources	San Mateo	Sep 13	2,171	1,916	1,821	897	1,588	1,773
Charles Schwab	San Francisco	Dec 13	1,071	928	864	787	1,230	1,120
Intuit	Mountain View	Jul 14	861	823	764	539	447	447
SVB Financial Group	Santa Clara	Dec 13	546	250	283	11	55	149
First Republic Bank	San Francisco	Dec 13	462	401	354	347	10	14
Digital Realty Trust	San Francisco	Dec 13	320	216	162	91	68	23
KKR Financial Holdings	San Francisco	Dec 13	293	348	318	77	(1,078)	217
Robert Half Intl	Menlo Park	Dec 13	252	210	150	37	250	296
Prologis	San Francisco	Dec 13	230	(106)	(275)	(123)	(11)	288
Redwood Trust	Mill Valley	Dec 13	173	132	25	39	(444)	(1,109)
Health Net	Woodland Hills	Dec 13	170	26	61	(49)	95	194
Essex Property Trust	Palo Alto	Dec 13	141	128	47	45	81	57
BRE Properties	San Francisco	Dec 13	121	67	53	40	58	54
Fair Isaac	San Jose	Sep 13	90	92	72	65	81	112
Westamerica	San Rafael	Dec 13	67	81	88	125	60	90
Financial Engines	Sunnyvale	Dec 13	30	19	15	6	(4)	(2)
Advent Software	San Francisco	Dec 13	29	30	28	21	17	10
WageWorks	San Mateo	Dec 13	22	10	33	(1)	(4)	(3)
Kennedy-Wilson Holdings	Beverly Hills	Dec 13	14	7	7	(10)	1	9
Workday	Pleasanton	Jan 14	(172)	(119)	(80)	(50)	(51)	(25)
VeriFone Systems	San Jose	Oct 13	(295)	66	283	(138)	(425)	(34)
Los Angeles Area
Oaktree Capital Group	Los Angeles	Dec 13	6,211	6,672	(309)	11,874	(7,638)	931
Public Storage	Glendale	Dec 13	1,057	930	833	799	980	489
HCP Inc	Long Beach	Dec 13	911	801	536	106	231	136
Toyota Motor Credit Corp	Torrance	Mar 14	857	1,331	1,486	1,063	(623)	(223)
Ares Management LP	Los Angeles	Dec 13	813	1,236	923	-	-	-
CBRE Group	Los Angeles	Dec 13	322	304	240	(28)	(1,076)	400
East West Bancorp	Pasadena	Dec 13	295	282	245	77	(50)	161
City National	Los Angeles	Dec 13	233	209	176	52	110	232
PennyMac Mortgage Investment Trust	Moorpark	Dec 13	200	138	64	(2)	-	-
Air Lease	Los Angeles	Dec 13	190	132	53	-	-	-
CapitalSource	Los Angeles	Dec 13	165	491	(52)	(894)	(260)	129
Macerich	Santa Monica	Dec 13	159	303	239	175	87	80
Alexandria Real Estate Equities	Pasadena	Dec 13	135	95	117	136	101	76
CoreLogic	Santa Ana	Dec 13	130	91	21	4	(10)	47
Colony Financial	Santa Monica	Dec 13	126	68	43	(0)	-	-
Cathay General Bancorp	Los Angeles	Dec 13	124	118	101	(67)	51	126
Mercury General	Los Angeles	Dec 13	112	117	191	403	(242)	238
CVB Financial	Ontario	Dec 13	96	77	82	65	63	61
BBCN Bancorp	Los Angeles	Dec 13	82	83	27	(6)	3	33
LTC Properties	Westlake Village	Dec 13	58	51	49	44	43	48
Douglas Emmett Inc	Santa Monica	Dec 13	53	28	2	(34)	(36)	(19)
PacWest Bancorp	Los Angeles	Dec 13	45	57	51	(9)	(728)	90
Molina Healthcare	Long Beach	Dec 13	45	13	77	31	60	58
Sabra Health Care REIT	Irvine	Dec 13	34	20	13	-	-	-
Sunstone Hotel Investors	Aliso Viejo	Dec 13	22	1	41	(151)	36	43
Kilroy Realty	Los Angeles	Dec 13	16	(4)	(16)	36	46	45
Marcus & Millichap	Calabasas	Dec 13	8	28	13	-	-	-
Hudson Pacific Properties	Los Angeles	Dec 13	1	(5)	(6)	(1)	(3)	(4)
American Homes 4 Rent	Malibu	Dec 13	(20)	(10)	-	-	-	-
San Diego Area
Realty Income	Escondido	Dec 13	179	141	140	122	115	124
Encore Capital Group	San Diego	Dec 13	75	79	61	33	14	12
Bofl Holding	San Diego	Jun 14	56	40	29	21	7	4
BioMed Realty Trust	San Diego	Dec 13	47	16	42	60	63	72
Retail Opportunity Investments	San Diego	Dec 13	35	8	10	(9)	3	2
American Assets Trust	San Diego	Dec 13	23	14	14	5	(12)	(2)
Total all 59 California Financial Companies			49,551	43,599	33,695	34,069	(1,360)	14,611
% Increase in Annual Earnings
…..2013 Over 2008			3743%
…..2013 Over 2007			239%

More details to come.