Wells Fargo (WFC) Closing in on Being No. 1 US Bank?

Wells Fargo (NYSE:WFC), the number one bank in the Philadelphia area based on local deposits, could one day be the largest in the United States, as well.

Wells now serves one-third of the nation’s households, 10 percent of its small businesses and 70 percent of the Fortune 500 — all points that CEO John Stumpf was eager to make at this month’s Morgan Stanley Financials Conference.

Wells becoming the nation’s largest bank would be something akin to Aesop’s fable of the tortoise and the hare, given how many have viewed Wells as a strong regional bank, sticking to its knitting while others pursued mergers at any price and sought to play on the global stage.

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