PNC Bank, N.A. Changes Prime Rate

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PNC Bank announced a decrease in its prime lending rate to 7.75%, effective November 8, 2024. PNC, listed on NYSE as PNC, is one of the largest diversified financial institutions in the United States. The bank provides comprehensive financial services including retail and business banking, lending products, corporate banking, real estate finance, asset-based lending, wealth management, and asset management. PNC focuses on building strong customer relationships through local delivery of services.

News Market Reaction 1 Alert

+0.37% News Effect

On the day this news was published, PNC gained 0.37%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

11/07/2024 - 05:07 PM

PITTSBURGH, Nov. 7, 2024 /PRNewswire/ -- PNC Bank, N.A. announced a decrease in its prime lending rate. The new rate of 7.75% is effective tomorrow, Nov. 8, 2024.

PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.

CONTACT:

Kristen Pillitteri
(412) 762.4550
kristen.pillitteri@pnc.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/pnc-bank-na-changes-prime-rate-302299408.html

SOURCE PNC Bank

FAQ

What is PNC Bank's new prime rate effective November 8, 2024?

PNC Bank's new prime lending rate will be 7.75%, effective November 8, 2024.

When does PNC Bank's prime rate change take effect in 2024?

The new prime rate takes effect on November 8, 2024.

What financial services does PNC Bank (NYSE: PNC) offer?

PNC Bank offers retail and business banking, lending products, corporate banking, real estate finance, asset-based lending, wealth management, and asset management services.