America’s economy is on a roll. Here’s the most valuable company in your nearest metro.
President Donald Trump’s first calendar year in office is wrapping up, and the economy is growing at a respectable pace. Whether you think it’s a good thing or not, some of the prime beneficiaries of this economic boom have been America’s largest and most valuable companies. At the time of writing, the S&P 500 (which includes some of America’s foremost corporate giants) has had a winning month every month for the last 12 months, a first in history.
Here are the most valuable companies, by market capitalization, in the 10 largest metropolitan areas as of December 31, 2017.
1. New York-Newark-Jersey City
J.P. Morgan Chase
With a market cap of $371 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 $162 billion.
Headquartered in downtown Chicago, the aircraft manufacturing company is valued at $176 billion in the open market.
4. Dallas-Fort Worth-Arlington
Headquartered right outside Dallas city limits in Irving, America’s largest oil company, and the former employer of Secretary of State Rex Tillerson, has a market value of $354 billion.
5. Houston-The Woodlands-Sugar Land
With a market cap of $66 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 $92 billion.
With its two skyscrapers dominating the Philadelphia skyline, this telecommunications conglomerate is valued at $187 billion.
8. Miami-Ft. Lauderdale-West Palm Beach
Carnival Cruise Line
Due to becoming the the world’s largest cruise line, this Miami-based company has earned a market valuation of $47 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 $221 billion.
With its headquarters in South Boston, this multinational conglomerate has a market cap of $151 billion.