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Wells Fargo Blasts Past JP Morgan To Become Biggest Bank By Market Cap (JPM, WFC)

Wells Fargo has overtaken JP Morgan to become the largest U.S. bank by stock-market value, Bloomberg notes. Wells Fargo’s market cap increased to $157.6 billion at the close of today's trading. JPMorgan's value is $156.4 billion. For the year, Wells Fargo is up 11%, while JP Morgan has lost 4%. The reason investors are excited about Wells Fargo? Its acquisition of Wachovia in the depths of the financial crisis is paying off.
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Consolidated Water: Not Very Compelling Valuation

Business & Finance / Investing : Seeking Alpha (9 months ago)

By George Fisher: Consolidated Water Co LTD (CWCO) is the smallest publicly traded water utility company in the sector. With a market cap of $156 million, it is dwarfed by other players, albeit the entire industry is composed of sma... Read Post

Stocks Bleed Higher, Big Action In Banks And China

Business & Finance / Investing : Great Speculations (last year)

Earnings this morning from Goldman Sachs were very disappointing. The stock traded as low as $156 but has since recovered to $158. Goldman is raising its dividend from 50 cents to 55 cents. Read Post

Number of the Day

Issues & Causes / Feminism : Shakesville (3 years ago)

$156 billion: The approximate estimated total of 2011 bonuses at seven of the biggest US banks—Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, US Bank, and Wells Fargo. The total is "slightly larger than l... Read Post

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