Wells Fargo Bank Decreases Prime Rate to 7.75 Percent

Business Wire 7-Nov-2024 4:44 PM

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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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

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