America’s economy has been on a roll. Here’s the most valuable company in your nearest metropolitan area.
While the markets have retreated from their all-time highs earlier this year, the American economy is still growing at a respectable pace. While the ordinary American can claim some of the benefits, the prime beneficiaries of the booming economy have been America’s largest and most valuable companies.
By year-end 2017, here are the most valuable companies in America’s 10 largest cities by market capitalization:
1. New York-Newark-Jersey City
J.P. Morgan Chase
With a market cap of $389 billion, it is fitting that the largest firm in the world’s financial capital is also a financial powerhouse. The Manhattan-headquartered company is followed by fellow financial services firms Citigroup and Goldman Sachs.
2. Los Angeles-Long Beach-Anaheim
The Walt Disney Company
Headquartered in the Los Angeles suburb of Burbank, this entertainment conglomerate has a market value of $165 billion.
Headquartered in downtown Chicago, the aircraft manufacturing company is valued at $213 billion in the open market.
4. Dallas-Fort Worth-Arlington
Headquartered right outside Dallas city limits in Irving, America’s largest oil company, has a market value of $347 billion.
5. Houston-The Woodlands-Sugar Land
With a market cap of just under $83 billion, this oil exploration and production is headquartered in the Houston Energy Corridor next to offices of other oil giants like BP America, Citgo, and the Shell Oil Company.
With its headquarters next door to Capitol Hill and the Pentagon, this Bethesda-based arms, aerospace, and advanced technology company boasts a market value of $91 billion.
With its two skyscrapers dominating the Philadelphia skyline, this telecommunications and media conglomerate is valued at $157 billion.
8. Miami-Ft. Lauderdale-West Palm Beach
Carnival Cruise Line
As the world’s largest cruise line company, this Miami-based firm claims a market valuation of $41 billion.
9. Atlanta-Sandy Springs-Roswell
Beating out the likes of United Parcel Service, Delta Air Lines, and The Coca-Cola Company, this Atlanta-based home improvement retailing firm boasts a valuation of $232 billion.
With its headquarters in South Boston, this multinational conglomerate has a market cap of $112 billion.