Companies listed in the top five on the NYSE is based on its success, longevity, and global influence in today’s economy.
How Companies Get Listed on the NYSE
There are certain minimum criteria that must be met for a domestic company to list on the NYSE, that relates to its value on the market, total assets and distribution of shares. An initial fee and annual fee along with an amount based on a sliding scale of the number of common shares issued must also be paid. The annual fee is a minimum payment of $35,000 and a maximum of $500,000.
What Are The Top Five Companies On The NYSE?
The following companies are listed as the top five on the stock market because they meet all of the domestic listing requirements of the NYSE.
1)Nexen, Inc.- Nexen, Inc. focuses on producing affordable, clean and secure energy by using innovative technology to discover and develop oil and gas resources on a global scale, including the the Gulf of Mexico, Western Canada, offshore West Africa, and the UK North Sea. They understand the importance of making as little impact on the environment as possible with their extraction techniques while maximizing the production of shale gas, conventional oil & gas, and oil sands when achieving their objectives.
2)Bank of America Corp.- As the fifth-largest company in the United States based on total cash flow, Bank of America located in Charlotte, North Carolina is a domestic international financial and banking services corporation headquartered Since its acquisition of Merrill Lynchin 2008, Bank of America is the world’s largest corporation for wealth management and a huge player in the investment banking market, and was listed third biggest company worldwide by Forbes in 2010. With 16,200 ATMs and 5,600 branches, the banking company roughly covers about 80 percent of the U.S. and serves approximately 57 million small businesses and consumers.
3)Freeport-Mcmoran Copper & Gold, Inc.- The company mines stable reserves of copper, gold and molybdenum from diverse, geographical locations, and is the world’s largest public trading copper company.
4)Citigroup, Inc.- Formed from one of the largest mergers in history, Citigroup, Inc. re-inventing itself in 2012 with blue lettering; it is a multinational, public domestic financial services network that operates in 140 countries with approximately 16,000 offices and currently employs approximately 260,000 staff worldwide from its headquarters in Manhattan, New York City, New York, USA. It provides financial analysis, global wealth management,credit cards, investment, corporate and consumer banking, net income of private equity. Citigroup, Inc. celebrates its 200 year anniversary in business this year. Based on its 2011 asset report, Citigroup, Inc. has a total asset of almost $2 trillion USD.
5) Hewlett-Packard Company- Hewlett-Packard is a domestic company internationally renowned for its information technology and printing devices, and is headquartered in Palo Alto, California, USA. It provides solutions, products, technologies, and software, for the average consumers and for government, health and education sectors of all sizes.