page_title: New York (state)
section_title: Wall Street
hierarchical_section_title: New York (state) / Economy / Wall Street
caption_attribution_description: Deutsch: Fassade der Börse New York Stock Exchange in New York City, USA English: New York Stock Exchange on Wall Street in New York, New York, United States. Español: Bolsa de Nueva York en Wall Street en Nueva York, Nueva York, en los Estados Unidos.
context_page_description: New York is a state in the Northeastern United States. New York was one of the original thirteen colonies that formed the United States. With more than 19 million residents in 2019, it is the fourth-most-populous state. To distinguish it from New York City, which is the largest city in the state, it is sometimes referred to as New York State.
  Two-thirds of the state's population lives in the New York metropolitan area. The state and city were named for the 17th-century Duke of York, the future King James II of England. With an estimated population of 8.34 million in 2019, New York City is the most populous city in the United States and the premier gateway for immigration to the United States. The New York metropolitan area is one of the most populous in the world. A global city, NYC is home to the United Nations Headquarters, and has been described as the cultural, financial, and media capital of the world, as well as the world's most economically powerful city. The next four most populous cities in the state are Buffalo, Rochester, Yonkers, and Syracuse, while the state capital is Albany.
  The 27th largest U.S. state in land area, New York has a diverse geography.
context_section_description: Anchored by Wall Street in the Financial District of Lower Manhattan, New York City has been called both the most economically powerful city and the leading financial center of the world. Lower Manhattan is the third-largest central business district in the United States and 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, as 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 approximately 520 million square feet (48.1 million m²) of office space in 2013, making it the largest office market in the United States, while Midtown Manhattan is the largest central business district in the nation.
caption: The New York Stock Exchange, the world's largest stock exchange by total market capitalization of its listed companies[201]
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