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Wells Fargo Bank Decreases Prime Rate to 7.75 Percent

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Wells Fargo Bank announced a prime rate reduction from 8.00 percent to 7.75 percent. The change will take effect on November 8, 2024. The announcement was made from the bank's San Francisco location. This adjustment represents a 0.25 percentage point decrease in the bank's benchmark lending rate.

Wells Fargo Bank ha annunciato una riduzione del tasso prime dall'8,00 percento al 7,75 percento. La modifica entrerà in vigore l'8 novembre 2024. L'annuncio è stato fatto dalla sede della banca a San Francisco. Questo adeguamento rappresenta una diminuzione di 0,25 punti percentuali nel tasso di riferimento dei prestiti della banca.

Wells Fargo Bank anunció una reducción de la tasa preferencial del 8.00 por ciento al 7.75 por ciento. El cambio entrará en vigor el 8 de noviembre de 2024. El anuncio se hizo desde la oficina del banco en San Francisco. Este ajuste representa una disminución de 0.25 puntos porcentuales en la tasa de préstamo de referencia del banco.

웰스 파고 은행이 프라임 금리 인하를 발표했습니다. 금리는 8.00%에서 7.75%로 조정됩니다. 이 변경 사항은 2024년 11월 8일부터 시행됩니다. 발표는 샌프란시스코에 있는 은행 본점에서 이루어졌습니다. 이번 조정은 은행의 기준 대출 금리에서 0.25% 포인트 감소를 나타냅니다.

Wells Fargo Bank a annoncé une réduction du taux préférentiel de 8,00 % à 7,75 %. Le changement prendra effet le 8 novembre 2024. L'annonce a été faite depuis le siège de la banque à San Francisco. Cet ajustement représente une baisse de 0,25 point de pourcentage du taux de prêt de référence de la banque.

Die Wells Fargo Bank hat eine Senkung des Prime-Zinssatzes von 8,00 Prozent auf 7,75 Prozent angekündigt. Die Änderung tritt am 8. November 2024 in Kraft. Die Ankündigung erfolgte von der Bankfiliale in San Francisco. Diese Anpassung stellt eine Reduzierung um 0,25 Prozentpunkte des Referenzzinssatzes der Bank dar.

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SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo Bank, N.A., said today it is decreasing its prime rate to 7.75 percent from 8.00 percent, effective tomorrow, Nov. 8, 2024.

Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo)

Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo)

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 34 on Fortune’s 2024 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo

News Release Category: WF-CF

Media

Beth Richek, 980-308-1568

beth.richek@wellsfargo.com

Investor Relations

John Campbell, 415-396-0523

john.m.campbell@wellsfargo.com

Source: Wells Fargo & Company

FAQ

What is Wells Fargo's (WFC) new prime rate for 2024?

Wells Fargo's new prime rate is 7.75 percent, effective November 8, 2024.

How much did Wells Fargo (WFC) decrease its prime rate in November 2024?

Wells Fargo decreased its prime rate by 0.25 percentage points, from 8.00% to 7.75%.

When will Wells Fargo's (WFC) new prime rate of 7.75% take effect?

The new prime rate of 7.75% will take effect on November 8, 2024.

What was Wells Fargo's (WFC) prime rate before the November 2024 decrease?

Wells Fargo's prime rate before the decrease was 8.00 percent.

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