Monday, October 26, 2020

Driven By General Motors and American Axle, the 5 Largest City of Detroit, Michigan Cos Total Pretax Earnings Declined By 113% in the Second Quarter of 2020, Even Worse Than Their 94% Decline in the First Quarter of 2020

From a review of Company SEC filings and the Google Finance website, I found 5 City of Detroit, Michigan Companies that had their common stock trading with stock market caps of above $10 mil in early July 2020.  

The table below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the second quarters and first quarters and of both 2020 and 2019 for each of these 5 excellent City of Detroit, Michigan Companies.