Sunday, March 22, 2020

New York is the Largest US State Which Hasn't Held Its Presidential Primary Yet. New York's Largest Financial Companies Total Pretax Income Increased By a Modest 2% in the First 9 Months of 2019 and Then Exploded Upwardly To Up 42% in the December 2019 Quarter.

There were 34 New York Financial Companies with stock market caps above $5 bil recently.  

From a review of SEC filings, below are the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for each of these 34 largest New York Financial Companies in each of the four quarters of both 2019 and 2018.
US US US US US US US US
GAAP GAAP GAAP GAAP GAAP GAAP GAAP GAAP
Pretax Pretax Pretax Pretax Pretax Pretax Pretax Pretax
Income Income Income Income Income Income Income Income
(Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
Dec Dec Sept Sept June June March March
New York Largest  Financial Companies New York Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter
Market Caps Above $5 Bil City HQs 2019 2018 2019 2018 2019 2018 2019 2018
mils $ mils $ mils $ mils $ mils $ mils $ mils $ mils $
Investment-Related Activities Cos
Morgan Stanley New York       2,733       1,857       2,710       2,851       2,903       3,109       2,955       3,420
Goldman Sachs New York       2,321       2,708       2,416       3,078       3,127       3,276       2,719       3,419
BlackRock New York       1,634       1,174       1,460       1,429       1,335       1,416       1,358       1,359
KKR & Co LP New York       1,457     (1,214)          390       1,223       1,527       1,627       1,795          621
Blackstone Group Inc New York       1,007          (49)       1,011          976          686       1,690       1,114          897
Apollo Global Mgt LLC New York          424        (338)          289          382          359          163          335        (101)
Nasdaq Inc New York          252          328          215          209          239          288          313          239
TradeWeb Markets New York            88            33            59            53            31            41            47            48
MarketAxess Holdings New York            62            56            67            48            63            53            65            61
Icahn Enterprises LP New York        (117)        (143)        (399)        (412)        (565)          394        (658)          384
Banks
JPMorgan Chase New York     10,565       8,841     11,405     10,689     11,342     10,572     11,233     10,662
Citigroup New York       5,702       5,306       6,012       6,104       6,165       5,945       6,022       6,090
Bank of New York Mellon New York       1,822       1,020       1,287       1,334       1,285       1,394       1,193       1,444
M&T Bank Corp Buffalo          652          699          635          696          626          655          634          458
Real Estate Investment Trusts (REITs)
Annaly Capital Management New York       1,209     (2,254)        (754)          378     (1,782)          599        (847)       1,328
Vornado Realty Trust New York          184          130          388          221       2,624          105          243              3
W.P. Carey Inc New York          151          207            46            84            69            86            67            62
VICI Properties Inc New York          101          145          147          132          155          142          153          114
FinTechs
Mastercard Purchase       2,475       1,215       2,534       2,264       2,519       1,922       2,203       1,803
E Trade Group New York          252          365          380          374          295          345          392          334
Insurance Cos
Travelers Companies New York       1,074          746          432          805          665          631          967          778
American International Group New York       1,036        (695)       1,260     (1,527)       1,837       1,252       1,154       1,227
Marsh & McLennan New York          531          224          414          385          550          719          944          916
Arch Capital Group Ltd New York          340            91          437          282          530          280          541          188
Loews Corp New York          276        (232)            60          354          275          307          508          405
Assurant New York          179            43          (25)            76          183            78          217          137
Alleghany New York            62        (891)          129          350          376          372          556          209
MetLife New York          (37)       2,471       2,791       1,079       2,297       1,101       1,744       1,656
AXA Equitable Holdings New York     (1,112)       2,329        (440)        (618)          441          322        (924)          428
Other Financial Cos
American Express New York       1,986       1,831       2,266       2,118       2,219       2,091       1,958       2,082
S&P Global New York          731          670          851          672          782          657          566          681
Moody's Corp New York          452          323          513          413          433          496          412          441
MSCI Inc New York          147          187          169          147          160          156          128          139
Broadridge Financial Solutions Lake Success            11            64            64            89          230          258          224          125
Total all 34 Very Largest New York Financial Cos     38,650     27,247     39,219     36,738     43,981     42,542     40,331     42,057
….. % Change From Prior Year Quarter 42% 7% 3% -4%
 Total Pretax Income all 34 Largest NY Financial Cos 
….. Nine Months Ended September 2019   123,531
….. Nine Months Ended September 2018   121,337
………. % Increase 2%


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