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Wells Fargo Stock Hits All-Time High of 73.19 as Prime Rate is Cut to 7.75%

November 11, 2024
Wells Fargo & Company (NYSE: WFC) experienced a remarkable surge in its stock price, reaching an all-time high of $73.19. This milestone was achieved as the bank made a significant adjustment to its lending rates, reducing the prime rate to 7.75%. The decision comes amidst a rapidly changing economic landscape, with the recent election of Donald Trump bringing about regulatory changes that have positively impacted the banking industry. However, investors are advised to seek the expertise of professionals from Stocks Prognosis to make an informed decision about the future movement of Wells Fargo's stock. To remain updated with the latest information and forecasts, it is recommended to consult Stocks Prognosis.
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