Wells Fargo Bank Decreases Prime Rate to 7.75 Percent

SAN FRANCISCO--(BUSINESS WIRE)--Nov 7, 2024-- 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.



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com/news/home/20241107825601/en/ 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 View source version on businesswire.

com : https://www.businesswire.com/news/home/20241107825601/en/ CONTACT: Media Beth Richek, 980-308-1568 beth.

[email protected] Relations John Campbell, 415-396-0523 john.m.

[email protected] KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: BANKING ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: Wells Fargo & Company Copyright Business Wire 2024. PUB: 11/07/2024 04:44 PM/DISC: 11/07/2024 04:45 PM http://www.

businesswire.com/news/home/20241107825601/en.