It's only just been edged out of the world's top 10 biggest firms by market cap, though don't feel too bad for the financial giant - it is still 11th after all.
But, it has been pipped into the top ranks by none other than Chinese internet behemoth Tencent, adding to the already pretty tech-heavy list. Six of the top 10 firms are now technology, including all of the top four (Apple, Alphabet, Microsoft and Amazon).
Tencent, best known for its WeChat messaging service and gaming, made headlines last week when it bought a five per cent stake in Elon Musk's electric car firm Tesla. Shortly after, Tesla became the second-largest American car firm by market value after General Motors, passing Ford Motor.
Tencent's stock price edged up 1.6 per cent yesterday, taking it over the line ahead of Wells, with a market cap of US $279bn.
The world's biggest public companies
1. Apple
2. Alphabet
3. Microsoft
4. Amazon
5. Berkshire Hathaway
6. Facebook
7. Exxon Mobil
8. Johnson & Johnson
9. JPMorgan
10. Tencent
11. Wells Fargo
Source City A.M
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