Huntington Bancshares Incorporated Decreases Its Prime Rate To 7.75 Percent
Huntington Bancshares (Nasdaq: HBAN) announced a reduction in its prime rate from 8% to 7.75%, effective November 8, 2024. This marks the second recent decrease in the bank's prime rate, following a previous reduction from 8.5% to 8% on September 19, 2024.
Huntington Bancshares (Nasdaq: HBAN) ha annunciato una riduzione del suo tasso prime dall'8% al 7,75%, con decorrenza dall'8 novembre 2024. Questo rappresenta la seconda recente diminuzione del tasso prime della banca, dopo una precedente riduzione dall'8,5% all'8% il 19 settembre 2024.
Huntington Bancshares (Nasdaq: HBAN) anunció una reducción de su tasa preferencial del 8% al 7.75%, que será efectiva a partir del 8 de noviembre de 2024. Esta es la segunda disminución reciente de la tasa preferencial del banco, después de una reducción anterior del 8.5% al 8% el 19 de septiembre de 2024.
헌팅턴 뱅크쉐어스 (Nasdaq: HBAN)는 기준금리를 8%에서 7.75%로 2024년 11월 8일부터 하향 조정한다고 발표했습니다. 이는 2024년 9월 19일에 8.5%에서 8%로의 이전 인하에 이어 은행의 기준금리에서 두 번째로 최근의 감소를 나타냅니다.
Huntington Bancshares (Nasdaq: HBAN) a annoncé une réduction de son taux préférentiel de 8% à 7,75%, effective à partir du 8 novembre 2024. Cela constitue la deuxième diminution récente de ce taux, après une réduction précédente de 8,5% à 8% le 19 septembre 2024.
Huntington Bancshares (Nasdaq: HBAN) gab eine Senkung seines Basiszinssatzes von 8% auf 7,75% bekannt, die ab dem 8. November 2024 wirksam wird. Dies stellt die zweite kürzliche Reduzierung des Basiszinssatzes der Bank dar, nach einer vorherigen Senkung von 8,5% auf 8% am 19. September 2024.
- Second consecutive prime rate reduction indicates potential lower borrowing costs for customers
- Gradual rate decreases (total 0.75% since September) suggest controlled monetary policy adjustment
- Lower prime rates typically result in reduced net interest margins for banks
- Declining rates may signal reduced profitability from lending operations
Insights
Huntington's rate last changed on September 19, 2024, decreasing from 8.5 percent to 8 percent.
About Huntington
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SOURCE Huntington National Bank