Wells Fargo Breaks Citigroup’s 2001 Record for Bank Value
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Wells Fargo & Co. finished trading yesterday as the most valuable U.S. bank ever, surpassing Citigroup Inc.’s 2001 record.
Wells Fargo closed with a market capitalization of $285.5 billion, based on 5.19 billion shares outstanding on Oct. 31, according to data compiled by Bloomberg. That beats the previous record set by Citigroup on Feb. 5, 2001, when its value reached $283.4 billion, the data show.