NEW YORK - Wells Fargo the San Francisco area bank today became the largest bank in the United States by market capitalization. The bank now has a market capitalization of approximately $800 million more than J.P. Morgan which is the second largest bank by capitalization.While still not at the record price high it reached in September 2008 just before the crash of $40 a share the shares have had impressive performance. The company has managed to keep shareholder value during the biggest financial crisis since the great depression.
Bank of America and Citigroup have greatly dropped on the list as the two banks struggle with bad loans and capital problems.
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