Tuesday, June 16, 2015

New York Metro Area Financial Companies 2014 and 2013 Two Year Audited Earnings Were $222 Bil, Up $359 Bil From Two Year 2009 and 2008 Audited Losses of $137 Bil ..... With Much Assistance From Barack Obama and Ben Bernanke

From a very thorough review of SEC filings, I found a large number of 86 Financial Companies headquartered in the New York City Metro Area with Stock Market Capitalizations now of at least $1 bil, or the equivalent for non-publicly-held firms, and which have filed 2014 financial statements with the SEC.

So just how have these 86 largest Financial New York Metro Area Companies done on the earnings front since the 2008/9 financial meltdown?  Just absolutely off-the-charts spectacular earnings improvement.

The Total Audited Net Income from Continuing Operations of these 86 largest Financial New York Metro Area Companies for the two years 2014 and 2013 Combined was a massive $222 bil, an earnings improvement of an almost unbelievable $359 bil as compared with the two years 2009 and 2008 Combined Losses of $137 bil.

So if the question to answer is how much better off are these largest Financial New York Metro Area Companies in the most recent two years than they were during their 2008/9 financial meltdown fiscal years, the answer is $359 bil better, as audited earnings under US generally accepted accounting principles (US GAAP) are measured by the very prestigious US accounting profession.

There has been something upwardly explosive happening with the Audited Earnings of Financial New York Metro Area Companies since the 2008/9 Financial Meltdown and President Obama and former US Fed Chairman Ben Bernanke both played instrumental roles in resuscitating these New York Financial Firms from the dead.

Below here are the reported US GAAP Audited Net Income (Losses) of each of  these 86 largest Financial New York Metro Area Companies for all of their fiscal years reported from 2008 through 2014, sorted by Market Capitalization:

2014 2013 2012 2011 2010 2009 2008



Audited Audited Audited Audited Audited Audited Audited


Net Net Net Net Net Net Net

City 2014 Income Income Income Income Income Income Income
HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)

mil $s mil $s mil $s mil $s mil $s mil $s mil $s
New York Financial Companies








JPMorgan Chase New York Dec       21,762       17,923       21,284       18,976       17,370       11,728         5,605
Citigroup New York Dec         7,500       13,630         7,818       11,147       10,951        (1,066)      (32,029)
MasterCard Purchase Dec         3,617         3,116         2,759         1,904         1,847         1,463           (254)
Goldman Sachs New York Dec         8,477         8,040         7,475         4,442         8,354       13,385         2,322
American Intl Group New York Dec         7,574         9,008         3,699       18,863       12,930      (11,770)      (97,634)
American Express New York Dec         5,885         5,359         4,482         4,899         4,057         2,137         2,871
Morgan Stanley New York Dec         3,681         3,656            757         4,696         5,477         1,193         1,158
MetLife New York Dec         6,339         3,391         1,314         6,951         2,747        (2,336)         3,481
BlackRock New York Dec         3,264         2,951         2,440         2,339         2,050            897            629
The Blackstone Group LP New York Dec         3,696         2,893            830           (268)           (607)        (2,391)        (5,594)
Bank New York Mellon New York Dec         2,651         2,185         2,515         2,569         2,647           (813)         1,455
Marsh & McLennan New York Dec         1,471         1,379         1,204            982            565            531            381
Travelers New York Dec         3,692         3,673         2,473         1,426         3,216         3,622         2,924
McGraw Hill Financial New York Dec           (191)            874            701            858            848            753            819
Moody's New York Dec         1,006            816            700            578            513            407            462
TIAA Real Estate Account New York Dec         2,118         1,456         1,379         1,499         1,180        (3,112)        (1,967)
KKR & Co LP New York Dec         5,395         7,854         8,028            876         7,776         6,852      (13,055)
Vornado Realty Trust New York Dec            494            118            474            558            653              77            238
AXA Equitable Life Insurance New York Dec         4,420        (3,236)            216         2,313         2,308        (1,807)         3,695
HSBC USA New York Dec            354           (338)        (1,248)            455         1,006           (142)        (1,689)
MUFG Americas Holdings Corp New York Dec            806            649            609            763            554             (65)            284
Loews New York Dec         1,353         1,621         1,509         1,696         2,007         1,385            580
CA, Inc New York Mar 15            810            887            921            938            823            759            661
SL Green Realty New York Dec            364            111            171            605            273              79              51
Icahn Enterprises LP New York Dec           (529)         2,444            762         1,764            744         1,224        (3,173)
Voya Financial New York Dec         2,537            791            611            103           (133)           (811)        (8,083)
Kimco Realty New Hyde Park Dec            385            288            178            177            137                4            249
Annaly Capital Management New York Dec           (842)         3,730         1,736            344         1,267         1,961            346
E*TRADE Financial New York Dec            293              86           (113)            157             (28)        (1,298)           (809)
Leucadia National New York Dec            215            409            903              13         1,901            485        (2,583)
Nasdaq OMX Group New York Dec            413            384            349            383            389            263            315
New York Community Bancorp Westbury Dec            485            476            501            480            541            399              78
Arch Capital Group White Plains Dec            821            710            593            436            843            877            291
CIT Group New York Dec         1,079            650           (532)              32            528        (4,043)        (2,864)
Alleghany New York  Dec            680            629            702            143            199            271              41
American Realty Capital Properties New York Dec        (1,011)           (508)             (41)               (4)


Signature Bank New York Dec            297            229            185            150            102              63              43
Lazard Ltd New York Dec            434            165              93            191            194           (188)               (0)
Brixmor Property Group New York Dec            113             (81)           (150)            118           (259)           (128)           (970)
Msci Inc New York Nov            199            200            165            159              88              82              68
WP Carey New York Dec            211              94              88            153              84              60              72
Broadridge Financial Solutions Lake Success Jun            263            212            125            172            225            223            188
NorthStar Realty Finance New York Dec           (313)             (79)           (258)           (234)           (376)           (152)            700
Amtrust Financial Services New York Dec            447            281            185            194            148            103              83
Genpact Limited New York Dec            192            235            185            191            149            135            135
Assurant New York Dec            471            489            484            545            279            431            448
Assured Guaranty Ltd New York Dec         1,088            808            110            776            494              85              69
NorthStar Asset Management Group New York Dec              19               (2)             (17)             (26)             (15)             (10)               (8)
Paramount Group New York Dec            182            303            140            401            203

Jefferies Group New York Nov            161            260            323            286            312            317           (590)
Two Harbors Investment Corp New York Dec            167            575            287            127              36               (9)                2
New Residential Investment Corp New York Dec            442            266              41                1                0                0                0
Apollo Global Management New York Dec            730         2,374         3,048        (1,304)            543             (95)        (2,890)
OUTFRONT Media New York Dec            307            144            113            107              71              22        (2,097)
Fortress Investment Group New York Dec            233            484            219        (1,117)           (782)           (909)        (1,221)
Virtu Financial New York Dec            190            182              88              89


MarketAxess Holdings New York Dec              75              69              62              48              31              16                8
AllianceBernstein LP New York Dec            571            527            189           (212)            427            579            848
WisdomTree Investments New York Dec              61              52              11                3               (8)             (21)             (27)
Chimera Investment Corp New York Dec            589            363            328            137            248            231           (120)
MFA Financial New York Dec            314            303            307            316            270            268              46
Blackstone Mortgage Trust New York Dec            100              25            282            252           (185)           (576)             (58)
Prospect Capital New York Jun            319            221            191            118              20              35              28
BGC Partners New York Dec               (4)            174              36              38              45              41             (10)
Och-Ziff Capital Management New York Dec            711         1,256           (571)        (1,471)        (1,199)        (1,375)        (1,664)
Evercore Partners New York Dec            107              75              39              14              20                2             (10)
Lexington Realty Trust New York Dec              48             (21)            184             (50)               (4)           (130)             (15)
Acadia Realty Trust New York Dec            151              27                9              12              47                2              27
Empire State Realty Trust New York Dec              70            156              49              57              45              42              53
National General Holdings New York Dec            105              42              33              44            102

Apollo Investment Corp New York Mar 15              75            271            104             (86)            180            263           (612)
GAMCO Investors Rye Dec            105            117              76              70              70              56              24
Ladder Capital New York Dec              98            189            169              72              91              42               (6)
MBIA Armonk Dec            569            250         1,234        (1,319)              53            634        (2,673)
Moelis & Co. New York Dec              33              70              35               (9)              47              20
Global Net Lease New York Dec             (54)               (7)               (0)               (0)


Cohen & Steers New York Dec              76              63              68              54              46               (0)              25
New York REIT New York Dec             (94)             (19)               (6)               (3)               (2)               (0)
Gramercy Property Trust New York Dec              55               (8)             (18)             (21)             (65)           (535)              35
Astoria Financial Lake Success Dec              96              67              53              67              74              28              75
iStar New York Dec             (74)           (221)           (315)             (54)           (206)           (793)           (326)
TAL International Group Purchase Dec            124            143            130            110              58              72              36
Allstate Life Insurance of New York Happauge Dec            126              40              50              69                8              36                8
Greenhill & Co. New York Dec              43              47              42              45              39              71              49
New Senior Investment Group New York Dec             (46)             (30)               (7)                4                2                2
Ambac Financial Group New York Dec            484         1,109           (257)        (1,960)           (753)             (15)        (5,609)










Total all 86

    111,730     110,594       86,120       91,417       96,930       20,123    (156,634)










Two Years Earnings:








….. 2014 and 2013

    222,324





….. 2009 and 2008

   (136,511)





………. Earnings Improvement

    358,835










Posted by at