Tuesday, January 14, 2014

US Big Credit Card Corps Average Stock Prices up 644% Under Obama

From a review of SEC Filings , I found 4 US Big Credit Card Corps, with credit cards being pretty much their sole business.   

The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 4 US Big Credit Card Corps had their average stock prices increase by an off-the-charts 644% from March 6, 2009, very early in President Obama's first term, which was their low point resulting from the 2008 financial meltdown, to today January 14, 2014.

Clearly, the stockholders and executives of these US Big Credit Card Corps must be extremely pleased with the financial impact of actions taken by both the Obama Administration and the US Fed to rescue the financial industry, which was in serious trouble after the financial meltdown hit late in President Bush's second term in 2008.


Now if the US Congress can just figure out how to financially help the US citizens using these credit cards.  There are only a handful of them that have seen their wealth grow by 644% since March 6, 2009.


Below here are the common stock market closing prices of each of these 4 US Big Credit Card Corps at both today's close January 14, 2014 and also on March 6, 2009, as well as the percentage stock market price changes for this period of time.
 


Market Market Percentage

State Price Price Increase

HQs 1-14-14 3-6-09 (Decrease)










US Big Credit Card Corps



Discover Financial Services IL             54.78              4.95 1007%
American Express NY             87.12             10.26 749%
MasterCard NY           821.71           142.44 477%
Visa CA           222.65             50.19 344%





Average % Increase all 4


644%