Northern Trust Decreases Prime Rate
Portfolio Pulse from
Northern Trust has decreased its prime rate from 7.75% to 7.50%, effective December 19, 2024. This change may impact its banking and wealth management services.
December 18, 2024 | 10:45 pm
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Northern Trust has reduced its prime rate from 7.75% to 7.50%, which may affect its banking and wealth management services.
The decrease in the prime rate by Northern Trust could lead to changes in interest income and client borrowing costs, affecting its banking and wealth management services. However, the direct impact on stock price is uncertain, leading to a neutral short-term score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100