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Stock impact report

SunTrust Bank Lowers Prime Rate

Solidion Technology, Inc. (STI) 
Last solidion technology, inc. earnings: 10/17 06:00 am Check Earnings Report
Company Research Source: PR Newswire
ATLANTA, July 31, 2019 /PRNewswire/ -- Following the Federal Reserve's announcement to lower the Federal Funds rate, SunTrust Bank announced today it has lowered its prime lending rate to 5.25% from 5.50%, effective August 1, 2019. The prime rate is a benchmark used to set interest rates on various forms of consumer and commercial loans. The prime rate last changed on December 20, 2018.About SunTrust Banks, Inc.SunTrust Banks, Inc. (NYSE: STI) is a purpose-driven company dedicated to Lighting the Way to Financial Well-Being for the people, businesses, and communities it serves. SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Headquartered in Atlanta, the Company has two business segments: Consumer and Wholesale. Its flagship subsidiary, SunTrust Bank, operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business lines serve consumer, commercial, Show less Read more
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