Huntington Bancshares Incorporated Decreases Its Prime Rate To 7.5 Percent
Portfolio Pulse from
Huntington Bancshares Incorporated has announced a decrease in its prime rate from 7.75% to 7.5%, effective December 19, 2024. This follows a previous rate decrease from 8% to 7.75% on November 8, 2024.
December 18, 2024 | 10:15 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Huntington Bancshares has reduced its prime rate to 7.5%, which may impact its lending activities and interest income.
The decrease in the prime rate by Huntington Bancshares could lead to increased borrowing, potentially boosting loan volumes. However, it may also reduce interest income from existing loans. The net impact on stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100