Bank of America Is Now Worth (Slightly) More Than Wells Fargo

One of the most amazing reversals in the annals of financial services is now official. As of September 13, Bank of America’s market cap has edged past that of its archrival Wells Fargo. At 10:30 AM, Bank of America’s value stood at $255.9 billion, just over $1 billion higher than Wells’ cap of $254.85 billion. Of course, the contest is so close that BofA could slip easily slip behind within hours or days, so we’ll call the race between the banking behemoths a tie.

The odds that BofA...

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