Stern Stewart & Co. has issued a correction of a recent statistical analysis of banks' performance, saying its report understated the "market value added" last year by Fleet Financial Group and U.S. Bancorp.

The New York consulting firm said Fleet actually had a market value added of $3.7 billion, to rank 11th among the 100 banks in the report. Stern said U.S. Bancorp should have ranked 20th, with an MVA of $2.1 billion.

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