See Which Bank Just Overtook Infamous JPMorgan as King of the Hill

When the Federal Reserve was masterminded on Jekyll Island, JPMorgan (NYSE:JPM) cemented itself into the top level of the economic pyramid.

However, today a new bank has become the largest bank in the US by market value … Wells Fargo (NYSE:WFC).

Wells Fargo was founded in 1852 to provide “express and banking services to California.” Looks like Wells Fargo has done a great job riding the growth of one of the world’s largest economies (i.e., California).

This interesting video explains the magic behind Wells Fargo’s business model:


Wells Fargo’s stay at the top may be short-lived. You better believe the other two “Big Four” — Bank of America (NYSE:BAC) and Citigroup (NYSE:C) — are aiming for the top too.

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