1. Wells Fargo decreases its prime rate to 6.75% from 7.00%. 2. The change is effective on December 11, 2025. 3. Lower prime rates typically encourage borrowing and spending. 4. Wells Fargo holds approximately $2.1 trillion in assets. 5. The bank ranks No. 33 among America's largest corporations.
FAQ
Why Bullish?
Lower borrowing costs from the prime rate cut can stimulate consumer spending and lending. Similar past reductions by banks have led to increased economic activity and stock price appreciation.
How important is it?
The reduction directly affects Wells Fargo's lending operations, impacting revenue and stock performance. Changes in prime rates have historically proven significant for financial institutions.
Why Short Term?
Immediate reduction in prime rate can quickly influence consumer behavior and corporate borrowing. Historically, such changes show effects within a few quarters.
Wells Fargo Bank, N.A., said today it is decreasing its prime rate to 6.75 percent from 7.00 percent, effective tomorrow, Dec. 11, 2025.
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Exterior of Wells Fargo building. (Photo: Wells Fargo)
About Wells Fargo
Wells Fargo & Company (NYSE:WFC) is a leading financial services company that has approximately $2.1 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. 33 on Fortune's 2025 rankings of America's largest corporations. 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-CFH
View source version on businesswire.com: https://www.businesswire.com/news/home/20251210288913/en/
Media
Beth Richek, 980-308-1568
beth.richek@wellsfargo.com
Investor Relations
John Campbell, 415-396-0523
john.m.campbell@wellsfargo.com