Wells Fargo Shares Set Record as Most Valuable Bank Adds to Gain

Wells Fargo & Co. (WFC), the world’s most valuable bank by market value, set a new intraday high in New York trading, a week after reporting record quarterly earnings.

Wells Fargo sold for as much as $44.76 during the session before settling back to $44.63 at 11:39 a.m. Shares of the San Francisco-based company have returned 32 percent this year including dividends, two percentage points better than the 24-company KBW Bank Index. Its market value is more than $236 billion.

To contact the reporter on this story: Dakin Campbell in New York at dcampbell27@bloomberg.net

To contact the editor responsible for this story: Rick Green at rgreen18@bloomberg.net

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