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Wells Fargo on the brink of market-value milestone

Lender could be the most valuable bank

Wells Fargo (WFC) is on the cusp of becoming the most valuable U.S. bank of all time, surpassing the record held by Citigroup (C). Per The Wall Street Journal:

 

Wells Fargo shares closed at $51.90 on Friday, up more than 14% for the year. Larger rivals J.P. Morgan Chase, Bank of America Corp. and Citigroup are down in 2014. Wells Fargo's stock-market value of $272.36 billion is the most of any U.S. bank now and about $10 billion shy of the record among banks of $282.75 billion set by Citigroup in 2001.

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