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“San Francisco-based Wells Fargo & Co. recently surpassed Industrial & Commercial Bank of China Ltd. as the lender with the largest market value in the world. Now, Wells Fargo’s market capitalization is approaching $300 billion, a first for a U.S. bank—and $42 billion and $120 billion more than J.P. Morgan Chase & Co. and Citigroup Inc., respectively. The bank’s size underscores the relative strength of the U.S. economy, as China is racked by stock-market gyrations and Europe labors with existential questions about the eurozone.”
Click here for the full information about Wells Fargo as the earth’s most valuable bank via Yahoo Finance, which got the report from The Wall Street Journal (the direct link for WSJ is good for subscribers only so we are giving you the Yahoo Finance link).
