All 30 Largest New York Non-Financial Companies With Stock Market Caps Above $10 Bil Which Released Their June 2018 Quarter End Earnings By August 10, 2018 Generated June 2018 Quarter Total US GAAP Pretax Income (PTI) From Continuing Operations of $26.813 Bil, Up a Very Modest 3.3% From Their Total PTI of $25.958 Bil in Their June 2017 Quarter. This 3.3% Earnings Growth Was Identical With Their Very Modest 3.3% Earnings Growth in the March 2018 Quarter Over the March 2017 Quarter ........................................................................................
All 27 Largest New York Financial Companies With Stock Market Caps Above $10 Bil Which Released Their June 2018 Quarter End Earnings By August 10, 2018 Generated June 2018 Quarter Total US GAAP Pretax Income (PTI) From Continuing Operations of $41.417 Bil, Up 10.6% From Their Total PTI of $37.463 Bil in Their June 2017 Quarter. This 10.6% Earnings Growth Was a Significant Deceleration From Their Robust 16.5% Earnings Growth in the March 2018 Quarter Over the March 2017 Quarter ........................................................................................
The Main Driver of the Earnings Growth of These 27 NY Financial Cos in Both the June 2018 and March 2018 Quarters Were the 8 Investment-Related Financial Cos, Whose Total Earnings Growth Was 24% in the June 2018 Quarter and 26% in the March 2018 Quarter. Giant JPMorgan Chase Posted Exceptional Earnings Growth of 28% in the March 2017 Quarter, Which Decelerated Sharply to Still Respectable Earnings Growth of 8% in the June 2018 Quarter. ........................................................................................
From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations for the June 2018, the June 2017, the March 2018 and the March 2017 Quarters for the 57 Largest New York Companies including Partnerships and REITs with June Quarter Ends, which have reported their June 2018 Quarter Earnings By August 10, 2018 and which had stock market caps above $10 Bil in April 2018.
| US | US | US | US | ||||
| GAAP | GAAP | GAAP | GAAP | ||||
| New York Companies | Pretax | Pretax | Pretax | Pretax | |||
| Market Caps Above $10 Bil | Income | Income | % | Income | Income | % | |
| With June Quarter Ends | (Loss) | (Loss) | Change | (Loss) | (Loss) | Change | |
| Releasing June 2018 | June Qtr | June Qtr | Better | March Qtr | March Qtr | Better | |
| Qtr Earnings By 8-10-18 | 2018 | 2017 | (Worse) | 2018 | 2017 | (Worse) | |
| mils $ | mils $ | mils $ | mils $ | ||||
| Financial Cos | |||||||
| Investment-Related Financial Cos | |||||||
| Goldman Sachs | 3,276 | 2,509 | 31% | 3,419 | 2,539 | 35% | |
| Morgan Stanley | 3,109 | 2,642 | 18% | 3,420 | 2,808 | 22% | |
| Blackstone Group LP | 1,690 | 765 | 121% | 897 | 1,059 | -15% | |
| KKR & Co LP | 1,627 | 887 | 83% | 621 | 838 | -26% | |
| BlackRock | 1,416 | 1,238 | 14% | 1,359 | 1,136 | 20% | |
| Annaly Capital Management | 599 | 14 | 4179% | 1,328 | 441 | 201% | |
| Icahn Enterprises LP | 421 | 1,670 | -75% | 479 | (134) | 457% | |
| Apollo Global Mgt LLC | 163 | 192 | -15% | (101) | 394 | -126% | |
| Total 8 Investment-Related Financial Cos | 12,301 | 9,917 | 24% | 11,422 | 9,081 | 26% | |
| Diversified Financial Global Giant | |||||||
| JPMorgan Chase | 10,572 | 9,749 | 8% | 10,662 | 8,341 | 28% | |
| Other Financial Cos | |||||||
| Citigroup | 5,945 | 5,678 | 5% | 6,090 | 5,981 | 2% | |
| American Express | 2,091 | 1,957 | 7% | 2,082 | 1,839 | 13% | |
| Mastercard | 1,922 | 1,628 | 18% | 1,803 | 1,478 | 22% | |
| Bank of New York Mellon | 1,394 | 1,308 | 7% | 1,444 | 1,206 | 20% | |
| American International Group | 1,252 | 1,667 | -25% | 1,227 | 1,727 | -29% | |
| MetLife | 1,101 | 1,018 | 8% | 1,656 | 1,072 | 54% | |
| Marsh & McLennan | 719 | 711 | 1% | 916 | 753 | 22% | |
| S&P Global | 657 | 640 | 3% | 681 | 611 | 11% | |
| M&T Bank Corp | 655 | 596 | 10% | 458 | 518 | -12% | |
| Moody's Corp | 496 | 462 | 7% | 441 | 451 | -2% | |
| First Data Corp | 365 | 271 | 35% | 161 | 91 | 77% | |
| XL Group Ltd | 364 | 339 | 7% | 193 | 227 | -15% | |
| E Trade Group | 345 | 317 | 9% | 334 | 225 | 48% | |
| Loews Corp | 307 | 347 | -12% | 405 | 510 | -21% | |
| Nasdaq Inc | 288 | 211 | 36% | 239 | 215 | 11% | |
| Arch Capital Group Ltd | 280 | 233 | 20% | 188 | 302 | -38% | |
| Broadridge Financial | 258 | 285 | -9% | 125 | 106 | 18% | |
| Vornado Realty Trust | 105 | 129 | -19% | 2 | 60 | -97% | |
| Total all 18 Other Financial Cos | 18,544 | 17,797 | 4.2% | 18,445 | 17,372 | 6.2% | |
| Total all 27 Financial Cos | 41,417 | 37,463 | 10.6% | 40,529 | 34,794 | 16.5% | |
| Non-Financial Cos | |||||||
| Verizon Communications | 5,527 | 6,967 | -21% | 6,054 | 5,182 | 17% | |
| Pfizer | 4,527 | 3,815 | 19% | 4,127 | 3,951 | 4% | |
| Philip Morris | 2,939 | 2,531 | 16% | 2,206 | 2,199 | 0% | |
| PepsiCo | 2,900 | 2,774 | 5% | 1,657 | 1,721 | -4% | |
| International Business Machines | 2,776 | 2,443 | 14% | 1,136 | 1,424 | -20% | |
| Twenty-First Century Fox | 1,081 | 815 | 33% | 1,331 | 1,252 | 6% | |
| Colgate Palmolive | 888 | 829 | 7% | 924 | 862 | 7% | |
| Corning Inc | 864 | 592 | 46% | (465) | 20 | -2425% | |
| Regeneron Pharmaceuticals | 656 | 526 | 25% | 585 | 432 | 35% | |
| Viacom | 607 | 921 | -34% | 287 | 154 | 86% | |
| Omnicom Group | 532 | 522 | 2% | 376 | 370 | 2% | |
| Bristol-Myers Squibb | 517 | 1,295 | -60% | 1,779 | 1,955 | -9% | |
| CBS Corp | 513 | 566 | -9% | 646 | 592 | 9% | |
| Sirius XM Holdings | 363 | 322 | 13% | 370 | 321 | 15% | |
| IAC/Interactive | 312 | 61 | 411% | 59 | 5 | 1080% | |
| L3 Technologies | 237 | 254 | -7% | 216 | 199 | 9% | |
| Consolidated Edison | 226 | 277 | -18% | 545 | 615 | -11% | |
| Michael Kors | 206 | 150 | 37% | 74 | (41) | 280% | |
| Henry Schein | 194 | 208 | -7% | 196 | 189 | 4% | |
| Arconic | 194 | 269 | -28% | 199 | 484 | -59% | |
| MSCI Inc | 156 | 118 | 32% | 139 | 102 | 36% | |
| Xylem | 150 | 121 | 24% | 95 | 70 | 36% | |
| Thomson Reuters | 139 | 62 | 124% | 199 | 156 | 28% | |
| Intl Flavors & Fragrances | 122 | 142 | -14% | 159 | 138 | 15% | |
| Nielsen Holdings | 120 | 224 | -46% | 114 | 116 | -2% | |
| CA Technologies | 82 | 238 | -66% | 243 | 198 | 23% | |
| Take-Two Interactive | 77 | 47 | 64% | 91 | 111 | -18% | |
| Hess Corp | 27 | (425) | 106% | 8 | (309) | 103% | |
| Bunge Ltd | (15) | 26 | -158% | 2 | 82 | -98% | |
| Altice USA | (104) | (732) | 86% | (190) | (122) | -56% | |
| Total all 30 Non-Financial Cos | 26,813 | 25,958 | 3.3% | 23,162 | 22,428 | 3.3% | |
| Total all 57 New York Cos | 68,230 | 63,421 | 7.6% | 63,691 | 57,222 | 11.3% |
