Tuesday, March 27, 2018

4 Largest Foreign Corp-Controlled US Credit Institutions & Finance Lessors & Services Corps Filing With the SEC (SIC in the 6100s) Posted 4Q 2017 Total Earnings of $7.166 Bil, Up 40 TIMES From Their 4Q 2016 Total Earnings of $0.173 Bil, Driven By $6.714 Bil of US Trump Tax Cuts Act Existing US Federal Income Tax Debt Forgiveness ........................................................................................ On the Other Hand, the 23 Largest US-Controlled Corps in the Same 6100s Sectors Posted 4Q 2017 Total Earnings of $3.814 Bil, Down 3% From Their 4Q 2016 Total Earnings of $3.944 Bil, and Received a Much Lower $3.617 Bil of US Trump Tax Cuts Act Existing US Federal Income Tax Debt Forgiveness ........................................................................................ There Is Something Seriously Wrong With the US Trump Tax Cuts Act When It Rewards Foreign Controlled Corps Substantially More Tax Benefits Than US Ones in the Same Sectors

From SEC filings, below here is Net Income (Loss) From Continuing Operations for the 4Q 2017 and the 4Q 2016 for the 27 largest US Corps in the SEC SIC Sector Codes in the 6100s with either Stock Market Caps of at least $1 Bil or the Book Value of Total Stockholder Equity of at least $1 Bil.
Corp
US Corps With SEC SIC Sector Codes in the 6100s Quarter
6141: Personal Credit Institutions End
6153: Short-Term Business Credit Institutions When    TTCA TTCA
6159: Miscellaneous Business Credit Institutions Trump US GAAP US GAAP US Decline
6162: Mortgage Bankers & Loan Correspondents Tax Net Net Federal  in Value of
6163: Loan Brokers Cuts Income Income Income Deferred
6172: Finance Lessors Act (Loss) (Loss) Tax Income
6199: Finance Services State TTCA Dec 17 Dec 16 Better Debt Tax
Stock Market Cap or Book Value Stk Eq $1 Bil+ City Hqs HQs Signed Quarter Quarter (Worse) Forgiveness Assets
mils $ mils $ mils $ mils $ mils $
Foreign Corporation Controlled
American Honda Finance Torrance CA Dec 17            3,370               119            3,251            3,025
Toyota Motor Credit Plano TX Dec 17            3,076               (46)            3,122            2,900
Santander Consumer USA Holdings Dallas TX Dec 17               580                 61               519               678
CNH Industrial Capital LLC Racine WI Dec 17               140                 39               101               111
Total all 4            7,166               173            6,993            6,714
US Corporation Controlled
Ford Motor Credit Co LLC Dearborn MI Dec 17            1,814               333            1,481            1,800
General Motors Financial Co Fort Worth TX Dec 17               450               242               208               452
John Deere Capital Corp Reno NV Jan 18               399                 74               325               304
Discover Financial Services Riverwoods IL Dec 17               387               563             (176)             (180)
Synchrony Financial Stamford CT Dec 17               385               576             (191)             (160)
IBM Credit LLC Armonk NY Dec 17               374               136               238               162
PACCAR Financial Bellevue WA Dec 17               351                 22               329               339
Caterpillar Financial Services Corp Nashville TN Dec 17               271                 85               186               334
Ally Financial Detroit MI Dec 17               179               246               (67)             (119)
Credit Acceptance Corp Southfield MI Dec 17               177                 88                 89               100
Pennymac Mortgage Investors Trust Westlake Village CA Dec 17               124               114                 10                 14
Walker & Dunlop Bethesda MD Dec 17                 99                 37                 62                 58
Sallie Mae Newark DE Dec 17                 47                 70               (23)               (15)
Nelnet Lincoln NE Dec 17                 46                 99               (53)                 19
Nationstar Mortgage Holdings Inc Coppell TX Dec 17                 41               198             (157)                   8
OneMain Holdings Evansville IN Dec 17                 39                 27                 12               (81)
Blucora Irving TX Dec 17                 32                 10                 22                 21
Green Dot Corp Pasadena CA Dec 17                 12                 (1)                 13                   6
Encore Capital Corp San Diego CA Dec 17                   3                 22               (19)                 (1)
LendingTree Inc Charlotte NC Dec 17                 (7)                   8               (15)                 (9)
Navient Corp * Wilmington DE Dec 17               (84)               145             (229)             (208)
Blackhawk Network Holdings Pleasanton CA Dec 17             (128)                 25             (153)             (125)
American Express Co New York NY Dec 17          (1,197)               825          (2,022)             (600)
Total all 23            3,814            3,944             (130)            3,617          (1,498)
Grand Total all 27          10,980            4,117            6,863          10,331          (1,498)


* Student Loan Education Co Navient is included above since it should be in the 6100s Sector rather than in the 6211 Sector where it presently resides.


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