Wells Fargo raises prime rate to 7.00%

  • Wells Fargo Bank increased its prime rate.
  • 7.00 percent was the new prime rate.
  • The update concerned WFC stock news.

Wells Fargo Bank increased its prime rate to 7.00 percent, according to the reported WFC stock news update. The prime rate is a benchmark lending rate banks use for certain loans and credit products.

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