The 25 Smaller Pennsylvania Cos With Stock Market Caps From $1 Bil to $5 Bil Saw Their Total Audited Annual Earnings Increase By an Off-the-Charts Spectacular Average of 142% Per Year During the First Three Full Years of the Biden/Harris Admin, Then Decline By a Very Disappointing Average of 23% Per Year During the Trump/Pence Admin's Four Years in Office, and Then Increase By a Blistering Average of 45% Per Year During Obama/Biden Admin's Eight Years in Office

 From a review of predominately companiesmarketcap.com, of Largest American Companies By Market Capitalization and of Company SEC filings in the SEC website, there were 25 Pennsylvania Companies with stock markets caps of between $1 Bil and $25 Bil in late-October 2024.  

From Company financial statements contained in the SEC website, the table below shows the Audited Gold-Standard US GAAP Consolidated Net Income (Loss) from Continuing Operations for each of these 25 Pennsylvania Companies for FYE 2023, the Biden/Harris Administration's third full year in office, for FYE 2020, the Trump/Pence Administration's last year in office, for FYE 2016, the Obama/Biden Administration's last year in office and for FYE 2008, the Bush/ Cheney Administration's last year in office. 

Why Ohio Financial Cos Love US Senator Sherrod Brown? You Would To If Your Annual Income Increased By an Off-the-Charts Simple Average of 35% Per Year over the Past 15 Years!

Sherrod Brown was elected a US Senator from Ohio in 2007, more than 17 years ago. 

He had expertise in financial matters and he was aware of the prestige of the Ohio Banks and it other Financial Institutions.

So being a really politically astute guy, Sherrod Brown knew that he could make his mark in Banking

So he got appointed to be a member of the critical US Senate Banking Committee.

He was a quick learner, especially because the horrific US financial meltdown of 2008 became was center stage in the US Senate Banking Committee as well as in the country at large.

All of the Ohio Banks and Insurance Companies were bludgeoned in 2008.

I'll focus on the Smaller Banks later in another post.  But here I will address the 9 Ohio Financial Cos which have Stock Market Caps of more than $1 Bil presently.

With the 2008 Financial Meltdown, these 9 Financial Cos posted Total Audited Losses of $2.9 Bil in annual 2008.

Because of his exceptional understanding of the financial industry and how to best fix it, Brown was eventually appointed the Chair of the key US Senate Banking Committee.

To quantify how he performed, these 9 Ohio Financial Cos generated Total Audited Profits in the most recent 2023 annual year of $12.3 Bil, which equates to a Total Annual Earnings increase of a whopping $15.2 Bil, which resulted in a simple average of 35% per year over the most recent 15 years from 2008 to 2023.  Wow!

From Company SEC filings, the below table discloses the individual performance of each of these 9 Ohio Financial Cos.

The 12 Largest Ohio Cos With Stock Market Caps Above $40 Bil Saw Their Total Audited Annual Earnings Increase By a Very Solid Average of 23% Per Year During the First Three Full Years of the Biden/Harris Admin and Then Decrease By an Average of 1% Per Year During the Trump/Pence Admin's Four Years in Office

From a review of predominately companiesmarketcap.com, of Largest American Companies By Market Capitalization and of Company SEC filings in the SEC website, there were 12 Ohio Companies with stock markets caps above $40 Bil in late October 2024.  

From Company financial statements contained in the SEC website, the table below shows the Audited Gold-Standard US GAAP Consolidated Net Income (Loss) from Continuing Operations for each of these 12 largest Ohio Companies for FYE 2023, the Biden/Harris Administration's third full year in office, for FYE 2020, the Trump/Pence Administration's last year in office and for FYE 2016, the Obama/Biden Administration's last year in office.

The 18 Largest Texas Oil & Gas Cos With Stock Market Caps Above $20 Bil Saw Their Total Audited Annual Earnings Increase By a Massive $200 Bil or By an Off-the Charts Average of 90% Per Year During the First Three Full Years of the Biden/Harris Admin and Then Decrease By Extremely Disappointing $75.7 Bil or By a Completely Off-the-Charts Average of 978% Per Year During the Trump/Pence Admin's Four Years in Office

 From a review of predominately companiesmarketcap.com, of Largest American Companies By Market Capitalization, of Company SEC filings in the SEC website and Value Today, there were 18 Texas Oil & Gas Companies with stock markets caps above $20 Bil in late October 2024.  

From Company financial statements contained in the SEC website, the table below shows the Audited Gold-Standard US GAAP Consolidated Net Income (Loss) from Continuing Operations for each of these 18 largest Texas Oil & Gas Companies for FYE 2023, the Biden/Harris Administration's third full year in office, for FYE 2020, the Trump/Pence Administration's last year in office and for FYE 2016, the Obama/Biden Administration's last year in office.

Effectiveness of Jon Tester to the Montana Economy

When Jon Tester was elected to the US Senate in 2007, more than 17 years ago, Montana had only three Banks that were publicly-held, which dwarfed their couple other publicly-held Montana Companies which were all very minor.

So being a really politically astute guy, Tester knew that he wanted to make a mark in Banking, which was very key to the State of Montana.

So he got appointed to the US Senate Banking Committee.

The three traditional Montana Banks were Glacier Bancorp, HQed in Kalispell, First Interstate Bank System, HQed in Billings, MT and the much smaller Eagle Bancorp, MT, HQed in Helena. MT.

From its SEC filings, Glacier Bancorp reported Net Income of $16.59 mil in annual 2006, the year before Tester joined the US Senate as a Montana US Senator.

Since then, this Bank has grown its annual Net Income to $222.93 mil in annual 2023.

Thus, Glacier Bancorp increased its Annual Net Income by more than 12 times in the past 17 years, for a total increase of 1,244%, or by a simple average of a staggering 73% a year.   

And now Glacier Bancorp has a Stock Market Cap of $5.6 Bil.

And traditional Banks are not growth industries ... they are the furthest thing from it.

No doubt that US Senator Jon Tester was extremely effective in helping Glacier Bancorp grow its Stock Market Cap to $5.6 Bil now.

And he did the same for the other two Montana Banks.  It's just that they do not have near to the growth of 73% per year that Glacier Bancorp does.  But they both have done exceptionally well.

Clearly, Jon Tester knows how to get very consequential things done for Montana citizens.

Which takes us to how Jon Tester is one of the very few US Senators and US House members who work very effectively across the aisle.

No US Senator or US House member was more helpful in getting the US Infrastructure bill passed into law.  I think this US Infrastructure bill has been the best economic piece of legislation for the country in decades.

And its very positive effect on the US economy will last for many more decades.

And very importantly, it was totally paid for.

Also, the State of Montana is one of the key beneficiaries of it, with special thanks to Jon Tester.

So, the largest Montana publicly-held US Companies had always been 2 Banks ... Glacier Bancorp with a Stock Market Cap now of $5.6 Bil and First Interstate Bank System with a Stock Market Cap of $3.2 Bil.  Then there was a massive drop.

But just recently, with much help from Jon Tester, two astute very large out-of-State publicly-held US High Technology Companies have moved their Headquarters to the beautiful, very business-friendly US State of Montana ..... Fair Isaac with a Stock Market Cap now of $49 Bil and Snowflake with a Stock Market Cap now of $39 Bil. 

And my hunch is that with much help from Jon Tester, there will be many more perceptive Companies relocating their Headquarters to Montana in the future.  The quality of life in Montana is so attractive to their employees.

The 8 Largest Nebraska Cos With Stock Market Caps Above $1 Bil Saw Their Total Audited Annual Earnings Increase By a Very Robust Average of 37% Per Year During the First Three Full Years of the Biden/Harris Admin, Then Increase By an Average of 17% Per Year During the Trump/Pence Admin's Four Years in Office, and Then Increase By a Superb Average of 32% Per Year During Obama/Biden Admin's Eight Years in Office

From a review of predominately companiesmarketcap.com,  of Largest American Companies By Market Capitalization, of Company SEC filings in the SEC website and of Value Today, there were 8 Nebraska Companies with stock markets caps above $1 Bil in early October 2024.  

From Company financial statements contained in the SEC website and a Company Internal Relations website, the table below shows the Audited Gold-Standard US GAAP Consolidated Net Income (Loss) from Continuing Operations for each of these 8 largest Nebraska Companies for FYE 2023, the Biden/Harris Administration's third full year in office, for FYE 2020, the Trump/Pence Administration's last year in office, for FYE 2016, the Obama/Biden Administration's last year in office and for FYE 2008, the Bush/Cheney Administration's last year in office.

The 27 Largest Texas Non-Oil & Gas Cos With Stock Market Caps Above $20 Bil Saw Their Total Audited Annual Earnings Increase By a Blistering Average of 54% Per Year During the First Three Full Years of the Biden/Harris Admin and Then Decrease By a Disappointing Average of 7% Per Year During the Trump/Pence Admin's Four Years in Office

From a review of predominately companiesmarketcap.com, of Largest American Companies By Market Capitalization, of Company SEC filings in the SEC website and Value Today, there were 27 Texas Non-Oil & Gas Companies with stock markets caps above $20 Bil in late October 2024.  

From Company financial statements contained in the SEC website, the table below shows the Audited Gold-Standard US GAAP Consolidated Net Income (Loss) from Continuing Operations for each of these 27 largest Texas Non-Oil & Gas Companies for FYE 2023, the Biden/Harris Administration's third full year in office, for FYE 2020, the Trump/Pence Administration's last year in office and for FYE 2016, the Obama/Biden Administration's last year in office.