The 11 Largest Upstate New York Companies Total Pretax Earnings Dropped Sharply By 57% in the First Half of 2020. The Trump Administration's Reputedly Strong US Economy Hasn't Hit Upstate New York.

From a review of Company SEC filings and the Google Finance website, I found 11 Companies headquartered in Upstate New York with stock market caps of above $1 bil in early June 2020.  Of these 11 Upstate New York Companies, 9 or 82% of them had June 2020 second quarter ends and 2 had May 2020 second quarter ends.

The table below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the second and first quarters of both 2020 and 2019 for each of these 11 excellent Upstate New York Companies.

		US	US		US	US
		GAAP	GAAP		GAAP	GAAP
		Pretax	Pretax		Pretax	Pretax
		Income	Income		Income	Income
		(Loss)	(Loss)		(Loss)	(Loss)
		Second	Second		First	First
Upstate New York Companies		Quarter	Quarter		Quarter	Quarter
Stock Market Caps Above $1 Bil	City HQs	2020	2019		2020	2019
		mils $	mils $		mils $	mils $
Non-Financial Companies
Constellation Brands	Victor	(68)	(423)		489	1,530
Paychex	Rochester	292	311		464	426
Moog	East Aurora	(23)	60		62	54
Athenex	Buffalo	(41)	(32)		(17)	(36)
National Fuel Gas	Williamsville	54	85		(69)	120
Corning Inc	Corning	(49)	216		(108)	575
Financial Companies
M&T Bank Corp	Buffalo	312	616		350	634
Community Bank System	DeWitt	44	56		49	51
NBT Bancorp	Norwich	31	39		12	37
Tompkins Financial	Ithaca	27	24		10	27
Life Storage	Williamsville	37	41		37	35
Total all 11 Upstate New York Companies		616	993		1,279	3,453
… % Change From Prior Year Quarter		-38%			-63%
Total Pretax Income (Losses)
….. First Half of 2020		1,895
….. First Half of 2019		4,446
………. % Decline		-57%