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.
