page_title: New York City
section_title: Wall Street
hierarchical_section_title: New York City / Economy / Wall Street
caption_attribution_description: 中文（繁體）‎: 美國紐約 201New York, USA
context_page_description: New York City, often called simply New York and abbreviated as NYC, is the most populous city in the United States. With an estimated 2019 population of 8,336,817 distributed over about 302.6 square miles, New York City is also the most densely populated major city in the United States. Located at the southern tip of the U.S. state of New York, the city is the center of the New York metropolitan area, the largest metropolitan area in the world by urban landmass. With almost 20 million people in its metropolitan statistical area and approximately 23 million in its combined statistical area, it is one of the world's most populous megacities. New York City has been described as the cultural, financial, and media capital of the world, significantly influencing commerce, entertainment, research, technology, education, politics, tourism, art, fashion, and sports. Home to the headquarters of the United Nations, New York is an important center for international diplomacy.
  Situated on one of the world's largest natural harbors, New York City is composed of five boroughs, each of which is a county of the State of New York.
context_section_description: New York City's most important economic sector lies in its role as the headquarters for the U.S. financial industry, metonymously known as Wall Street. The city's securities industry, enumerating 163,400 jobs in August 2013, continues to form the largest segment of the city's financial sector and an important economic engine, accounting in 2012 for 5.0 percent of the city's private sector jobs, 8.5 percent ($3.8 billion) of its tax revenue, and 22 percent of the city's total wages, including an average salary of $360,700. Many large financial companies are headquartered in New York City, and the city is also home to a burgeoning number of financial startup companies.
  Lower Manhattan is home to the New York Stock Exchange, on Wall Street, and the NASDAQ, at 165 Broadway, representing the world's largest and second largest stock exchanges, respectively, when measured both by overall average daily trading volume and by total market capitalization of their listed companies in 2013. Investment banking fees on Wall Street totaled approximately $40 billion in 2012, while in 2013, senior New York City bank officers who manage risk and compliance functions earned as much as $324,000 annually. In fiscal year 2013–14, Wall Street's securities industry generated 19% of New York State's tax revenue.
  New York City remains the largest global center for trading in public equity and debt capital markets, driven in part by the size and financial development of the U.S. economy. New York also leads in hedge fund management; private equity; and the monetary volume of mergers and acquisitions. Several investment banks and investment managers headquartered in Manhattan are important participants in other global financial centers. New York is also the principal commercial banking center of the United States.
  Many of the world's largest media conglomerates are also based in the city. Manhattan contained over 500 million square feet (46.5 million m²) of office space in 2018, making it the largest office market in the United States, while Midtown Manhattan, with 400 million square feet (37.2 million m²) in 2018, is the largest central business district in the world.
caption: The New York Stock Exchange on Wall Street, by a significant margin the world's largest stock exchange per market capitalization of its listed companies,[362][363] at $23.1 trillion as of April 2018.[364]
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