The New York Times has a new interactive infographic that shows the rise and fall of some of the nation’s largest finance companies from the market peak in 2007.
Since the stock market’s peak in October 2007, Wall Street’s landscape has been permanently altered. Lehman Brothers, gone. Bear Stearns, gone. Merrill Lynch, gone. Main Street’s landscape has also changed. Wachovia, National City, Washington Mutual and Countrywide, all gone. These venerable financial giants all crumbled under the weight of the financial crisis.
Those that were left shrank down to a fraction of their former market capitalizations by early 2009, but since then, they all have grown. While most are nowhere near their former size, two — JPMorgan Chase and Wells Fargo — are slightly larger than they were at the market’s peak.
It works pretty well showing the size of the market shrinking as the economy crumbles, and you can see that JPMorgan Chase & Wells Fargo each maintain their size, but become a much larger percentage of the market.
How the Giants of Finance Shrunk, Then Grew, Under the Financial Crisis – Interactive – NYTimes.com. via Information Aesthetics.
