Wal-Mart Big for Stephens, Bigger for Arkansas

Wal-Mart long ago outgrew any need for the Little Rock investment bank that took it public in 1970, and that initial offering was so small as to be unthinkable today. But Wal-Mart boosted Stephens Inc.'s cachet considerably, and its importance to the state of Arkansas has been immeasurable, according to Stephens CEO Warren Stephens.

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