Pennsylvania Companies Performed Substantially Better on the Audited Annual Pretax Earnings Growth Front During Obama/Biden's Eight Years in Office (Up an Impressive 22% Per Year) Than They Did During Trump/Pence's First Three Years in Office (Up 4% Per Year).

From a review of SEC filings and Google Finance, there were 65 Pennsylvania Companies with stock market caps of above $1 bil sometime in the most recent month and which reported Pretax Income (Loss) From Continuing Operations in their annual financial statement earnings information filed with the SEC for each of the most recent twelve years (Fiscal Years from 2008 to 2019).  I included Companies which were headquartered in Pennsylvania for the majority of these twelve years.  And I excluded several Companies which had separations and thus their earnings numbers were not comparable among years.

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 65 Pennsylvania 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	Audited	Audited	Audited	Annual	Annual
			Audited	Pretax	Pretax	Pretax	% Change	% Change
			Fincl	Income	Income	Income	During	During
			Sts	(Loss)	(Loss)	(Loss)	Trump-	Obama-
Pennsylvania Companies	City	State	2019	FYE	FYE	FYE	Pence	Biden
Stock Market Caps Above $1 Bil	HQs	HQs	FYE	2019	2016	2008	3 Years	8 Years
				$ mils	$ mils	$ mils	2017-19	2009-16
Comcast Corp	Philadelphia	PA	Dec 19	16,996	14,326	4,058	6%	32%
PNC Financial Services	Pittsburgh	PA	Dec 19	6,480	5,253	1,094	8%	48%
Chubb Ltd	Philadelphia	PA	Dec 19	5,249	4,950	1,567	2%	27%
Kraft-Heinz	Pittsburgh	PA	Dec 19	2,661	4,939	1,320	-15%	34%
Air Products & Chemicals	Allentown	PA	Sept 19	2,290	1,555	1,479	16%	1%
PPL Corp	Allentown	PA	Dec 19	2,155	2,550	1,273	-5%	13%
TE Connectivitity Ltd	Berwyn	PA	Sept 19	1,931	1,021	1,991	30%	-6%
PPG Industries	Pittsburgh	PA	Dec 19	1,661	779	908	38%	-2%
Hershey	Hershey	PA	Dec 19	1,381	1,099	492	9%	15%
Ametek	Berwyn	PA	Dec 19	1,070	693	366	18%	11%
Universal Health Services	King of Prussia	PA	Dec 19	1,066	1,156	357	-3%	28%
AmerisourceBergen	Chesterbrook	PA	Sept 19	967	1,391	761	-10%	10%
Lincoln National	Radnor	PA	Dec 19	919	1,458	(137)	-12%	NM
Radian Group	Philadelphia	PA	Dec 19	849	484	(674)	25%	NM
Toll Brothers	Horsham	PA	Oct 19	787	589	(467)	11%	NM
Crown Holdings	Yardley	PA	Dec 19	786	769	442	1%	9%
FMC Corp	Philadelphia	PA	Dec 19	655	181	472	87%	-8%
SEI Investments	Oaks	PA	Dec 19	631	508	354	8%	5%
Aramark	Philadelphia	PA	Sept 19	556	431	43	10%	113%
Ansys	Canonsburg	PA	Dec 19	523	380	167	13%	16%
F N B Corp	Pittsburgh	PA	Dec 19	471	246	43	30%	59%
Westinghouse Air Brake Tech	Pittsburgh	PA	Dec 19	447	413	204	3%	13%
Dick's Sporting Goods	Coraopolis	PA	Jan 20	408	458	14	-4%	396%
UGI Corp	King of Prussia	PA	Sept 19	401	710	440	-15%	8%
Erie Indemnity Co	Erie	PA	Dec 19	397	320	(839)	8%	NM
Gaming & Leisure Properties	Wyomissing	PA	Dec 19	396	297	36	11%	91%
Federated Hermes	Pittsburgh	PA	Dec 19	365	341	357	2%	-1%
Dentsply Sirona	York, PA / Charlotte, NC	PA	Dec 19	345	441	355	-7%	3%
Teleflex	Wayne	PA	Dec 19	340	246	120	13%	13%
Kennametal	Pittsburgh	PA	June 19	311	(199)	229	NM	-23%
EPAM Systems	Newtown	PA	Dec 19	300	126	8	46%	184%
Armstrong World Industries	Lancaster	PA	Dec 19	299	151	189	33%	-3%
West Pharmaceutical Services	Exton	PA	Dec 19	292	190	110	18%	9%
WESCO INTL	Pittsburgh	PA	Dec 19	282	132	291	38%	-7%
Select Medical Holdings	Mechanicsburg	PA	Dec 19	265	181	52	15%	31%
Fulton Financial	Lancaster	PA	Dec 19	264	208	19	9%	124%
FS KKR Capital Corp	Philadelphia	PA	Dec 19	246	294	(1)	-5%	NM
American Eagle Outfitters	Pittsburgh	PA	Jan 20	245	335	378	-9%	-1%
Allegheny Technologies	Pittsburgh	PA	Dec 19	242	(734)	868	NM	-23%
Urban Outfitters	Philadelphia	PA	Jan 20	240	338	309	-10%	1%
Vishay Intertechnology	Malvern	PA	Dec 19	226	94	(1,672)	47%	NM
Five Below	Philadelphia	PA	Jan 20	222	114	(2)	32%	NM
Carpenter Technology	Philadelphia	PA	June 19	216	22	297	294%	-12%
Essential Utilities	Bryn Mawr	PA	Dec 19	212	255	163	-6%	7%
Globus Medical	Audubon	PA	Dec 19	190	157	36	7%	42%
MSA Safety	Cranberry Township	PA	Dec 19	184	152	112	7%	4%
CubeSmart	Malvern	PA	Dec 19	171	88	(26)	31%	NM
EQT Midstream Partners LP	Canonsburg	PA	Dec 19	162	548	16	-23%	416%
Mylan NV	Canonsburg	PA	Dec 19	154	122	(72)	9%	NM
EnerSys	Reading	PA	Mar 20	147	213	119	-10%	10%
Northwest Bancshares	Warren	PA	Dec 19	141	71	65	33%	1%
II-VI Inc	Saxonburg	PA	June 19	129	90	91	14%	0%
Dorman Products	Colmar	PA	Dec 19	106	168	27	-12%	65%
Trinseo SA	Berwyn	PA	Dec 19	105	405	4	-25%	1253%
FS KKR Capital Corp II	Philadelphia	PA	Dec 19	92	417	0	-26%	NM
Weis Markets	Sunbury	PA	Dec 19	89	125	70	-10%	10%
Penn National Gaming	Wyomissing	PA	Dec 19	86	121	(48)	-10%	NM
Healthcare Services Group	Bensalem	PA	Dec 19	85	120	43	-10%	22%
Harsco	Camp Hill	PA	Dec 19	56	(79)	342	NM	-15%
Brandywine Realty Trust	Philadelphia	PA	Dec 19	35	41	(1)	-5%	NM
Kulicke and Soffa Industries	Fort Washington	PA	Sept 19	35	56	(28)	-13%	NM
Quaker Chemical	Conshohocken	PA	Dec 19	29	84	17	-22%	49%
Omega Flex	Exton	PA	Dec 19	23	22	11	2%	13%
Rite Aid	Camp Hill	PA	Dec 19	(82)	49	(2,583)	-89%	NM
United States Steel	Pittsburgh	PA	Dec 19	(452)	(416)	3,007	NM	-14%
Total all 65 Pennsylvania Cos				58,530	52,045	19,036	4.2%	21.7%