Monday, August 3, 2020

New York Financial Companies Saw Their Total Pretax Earnings Improve By a Massive $298 Bil During the Obama/Biden Administration, Going From Total Pretax Losses of $165 Bil in 2008 To Total Pretax Earnings of $133 Bil in 2016.

From a review of SEC filings and Google Finance, there were 67 Financial Companies headquartered in the State of New York with stock market caps recently of above $1 bil and which reported Pretax Income (Loss) From Continuing Operations in their annual financial statement earnings information filed with the SEC in each of the most recent twelve years (Fiscal Years from 2008 to 2019).
  
The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 67 New York Financial Companies for fiscal year end 2019, the last year of the Donald Trump/Mike Pence's first three full years in office so far,  for fiscal year end 2016, the year before the start of the Donald Trump/Mike Pence Administration as well as also the last year of the Barack Obama/Joe Biden Administration, and for fiscal year end 2008, the year before the start of the Barack Obama/Joe Biden Administration.


Average Average
Annual  Annual 
Annual Audited Audited Audited % Change % Change
Audited Pretax Pretax Pretax During During
Fincl Income Income Income Trump- Obama-
Sts (Loss) (Loss) (Loss) Pence Biden
New York Financial Companies City State 2019 FYE FYE FYE 3 Years 8 Years
Stock Market Caps Above $1 Bil HQs HQs FYE 2019 2016 2008 2017-19 2009-16
 $ mils  $ mils  $ mils
Big Banks and Investments-Related Cos
JPMorgan Chase New York NY Dec 19     44,545     34,536         2,773 10% 143%
Citigroup New York NY Dec 19     23,901     21,477      (52,355) 4%
NM
Morgan Stanley New York NY Dec 19     11,301       8,848         1,254 9% 76%
Goldman Sachs New York NY Dec 19     10,583     10,304         2,336 1% 43%
American Express New York NY Dec 19       8,429       8,042         3,581 2% 16%
BlackRock New York NY Dec 19       5,787       4,455         1,016 10% 42%
Bank of New York Mellon New York NY Dec 19       5,587       4,725         1,946 6% 18%
KKR & Co New York NY Dec 19       5,168          975      (13,048) 143%
NM
Blackstone Group New York NY Dec 19       3,818       2,382        (5,608) 20%
NM
Apollo Global Management New York NY Dec 19       1,408       1,061        (2,927) 11%
NM
Ares Capital Corp New York NY Dec 19          793          474           (139) 22%
NM
Jefferies Financial Group New York NY Nov 19          479          (13)           (372)
NM
NM
Evercore New York NY Dec 19          438          261               (9) 23%
NM
Lazard Ltd New York NY Dec 19          393          517              25 -8% 246%
AllianceBernstein Holding LP New York NY Dec 19          266          239            279 4% -2%
Cohen & Steers New York NY Dec 19          188          143              46 10% 26%
Prospect Capital New York NY Jun 19          144          103              28 13% 33%
Golub Capital BDC New York NY Sep 19          (19)            69               (3) -43%
NM
Apollo Investment Corp New York NY Mar 20        (116)            18           (612) -248%
NM
Icahn Enterprises LP New York/ Sunny Isles Beach. FL NY Dec 19     (1,739)     (2,373)        (3,066)
NM
NM
Total all 20 Big Banks and Investments-Related Cos   121,354     96,243      (64,855) 8.7% 31%
Mid-Sized and Smaller Banks
M&T Bank Corp Buffalo NY Dec 19       2,547       2,058            740 7.9% 22%
Signature Bank New York NY Dec 19          788          657              72 6.6% 102%
Sterling Bancorp Montebello NY Dec 19          540          207              34 53.6% 64%
New York Community Bancorp Westbury NY Dec 19          523          777              54 -10.9% 167%
Community Bank System DeWitt NY Dec 19          209          155              57 11.6% 21%
NBT Bancorp Norwich NY Dec 19          155          119              84 10.1% 5%
Total all 6 Mid-Sized and Smaller Banks       4,762       3,973         1,041 7% 35%
Real Estate Investment Trusts (REITs)
W.P. Carey Inc New York NY Dec 19          333          278              94 7% 24%
Annaly Capital Management New York NY Dec 19     (2,174)       1,431            372 -84% 36%
Vornado Realty Trust New York NY Dec 19       3,438          585              26 163% 269%
Kimco Realty New Hyde Park NY Dec 19          410          465            237 -4% 12%
Life Storage Williamsville NY Dec 19          260            85              36 69% 17%
SL Green Realty New York NY Dec 19          291          279              45 1% 65%
Blackstone Mortgage Trust New York NY Dec 19          307          247             (56) 8%
NM
Brixmor Property Group New York NY Dec 19          275          278           (952) 0%
NM
New Residential Investment New York NY Dec 19          648          622                0 1%
NM
Lexington Realty Trust New York NY Dec 19          287            98             (12) 64%
NM
Outfront Media New York NY Dec 19          152            96        (2,085) 19%
NM
Chimera Investment Corp New York NY Dec 19          414          552           (120) -8%
NM
Global Net Lease New York NY Dec 19            51            52                0 -1%
NM
Two Harbors Investment Corp New York NY Dec 19          310          330                3 -2% 1363%
Apollo Commercial RE Finance New York NY Dec 19          230          158                0 15%
NM
Getty Realty Jericho NY Dec 19            50            40              39 8% 0%
MFA Financial New York NY Dec 19          378          313              46 7% 73%
Empire State Realty Trust New York NY Dec 19            87          113              53 -8% 14%
Arbor Realty Trust Uniondale NY Dec 19          170            63             (76) 57%
NM
Acadia Realty Trust Rye NY Dec 19            23          134              32 -28% 40%
Total all 20 REITs       5,940       6,219        (2,318) -1% 46%
FinTechs
Mastercard Purchase NY Dec 19       9,731       5,646           (383) 24%
NM
E Trade Group New York NY Dec 19       1,319          838        (1,279) 19%
NM
BGC Partners New York NY Dec 19          138          120              10 5% 138%
Broadridge Financial Solutions Lake Success NY Jun 19          607          469            320 10% 6%
Total all 4 FinTechs     11,795       7,073        (1,332) 22% 79%
Insurance Cos
Marsh & McLennan New York NY Dec 19       2,439       2,480            494 -1% 50%
MetLife New York NY Dec 19       6,795       4,281         5,059 20% -2%
Travelers Companies New York NY Dec 19       3,138       4,053         3,716 -8% 1%
American International Group New York NY Dec 19       5,287          (74)
   (103,029)
NM
NM
Arch Capital Group Ltd New York NY Dec 19       1,849          856            305 39% 23%
Loews Corp New York NY Dec 19       1,119          936            587 7% 7%
Alleghany New York NY Dec 19       1,124          648              61 24% 120%
Assurant New York NY Dec 19          555          849            563 -12% 6%
Voya Financial New York NY Dec 19          560            10        (8,042) 1833% -13%
National General Holdings New York NY Dec 19          404          230                0 25%
NM
Assured Guaranty Ltd New York NY Dec 19          460       1,017            112 -18% 101%
Total all 11 Insurance Cos     23,730     15,286    (100,174) 18% 14%
Other Financial Cos
S&P Global New York NY Dec 19       2,930       3,188         1,299 -3% 18%
Moody's Corp New York NY Dec 19       1,810          558            730 75% -3%
MSCI Inc New York NY Dec 19          603          386            110 19% 31%
Nasdaq Inc New York NY Dec 19       1,019          133            513 222% -9%
MarketAxess Holdings New York NY Dec 19          257          192              13 11% 172%
INTL FCStone New York NY Sep 19          111            73              42 17% 9%
Total all 6 Other Financial Cos       6,730       4,530         2,707 16% 8%
Total all 67 New York Financial Companies   174,311   133,324    (164,931) 10% 23%