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Market cap of large payment companies vs Wall Street banks 2020
As of September 2020, the market capitalization of four large payment companies was greater than that of the "big six" banks on Wall Street. The combined market value of Visa, MasterCard, Paypal, and Square reached one trillion U.S. dollars, whereas the total market value of JPMorgan, Bank of America, Wells Fargo, Citigroup, Morgan Stanley, and Goldman Sachs amounted to only 880 billion U.S. dollars.