What Is the Prime Rate? Definition, History and Current Rate [TheStreet.com]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: TheStreet.com
When you get a loan or credit card at a commercial bank like Bank of America BAC or Citibank C , the lowest interest rate you could be charged is called the "prime rate." Although the prime rate may be something you vaguely recall from an economics course, it affects your wallet in very real ways.And while you likely have heard of thefederal funds rateFederal ReserveWhat Is the Prime Rate?The prime rate is the lowestMost banks adjust their prime rates at the same time and are generally uniform with one another—and they are often adjusted in tandem with the federal funds rate, making it especially sensitive toWhat Is The Wall Street Journal Prime Rate?WSJ Prime RateThe Wall Street Journal.Because the prime rate is the best interest rate available, it is generally offered to corporations that use commercial banks for loans or credit, or to especially creditworthy customers (those with the highest credit scores) seeking credit cards or other loans. Banks use the prime rate to determine l
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WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 4/23/24 - Form 8-K
- 4/23/24 - Form PX14A6G
- 4/23/24 - Form 424B2
- WFC's page on the SEC website