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Top related persons:
Cullen Frost - 2 Charlie Munger - 1 Steven Alexopoulos - 1 Munger - 1 Buffett - 1 Cullen - 1 Frost - 1 — CNBC's Michael Bloom - 1
Top related locs:
San Antonio , Texas Silicon First Republic United States
Top related orgs:
JPMorgan - 1 Berkshire Hathaway's - 1 CFR - 1 Frost Bankers - 1 CNN - 1 Bank of New York Mellon - 1 State - 1 Northern Trust - 1

Search resuls for: "Cullen Frost"


2 mentions found


☆ JPMorgan says the late Charlie Munger would love this wonderful bank trading at a fair price
  + stars: | 2024-05-08 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
JPMorgan said this regional bank is so appealing that it would have attracted attention from the late Charlie Munger. "When we think of the late, great Charlie Munger and his mantra to 'buy wonderful businesses at fair prices,' the bank that fits this bill in our view is Cullen Frost," the firm's bank analyst Steven Alexopoulos said in a note. However, JPMorgan said the bank's "strong organic growth story" remained fully intact. JPMorgan said investors are now able to buy the shares at 13.1 times forward earnings, compared to a 16X historical average. The bank maintained its overweight rating and has a 12-month price target of $140 per share, which would translate into 32% upside from Tuesday's close of $105.62.
Persons: Charlie Munger, Cullen Frost, Steven Alexopoulos, Munger, Buffett, Cullen, Frost, — CNBC's Michael Bloom Organizations: JPMorgan, Berkshire Hathaway's, CFR, Frost Bankers Locations: San Antonio , Texas
☆ Moody’s warns it could cut credit ratings of 6 big US banks
  + stars: | 2023-08-08 | by ( Olesya Dmitracova | ) edition.cnn.com   time to read: +2 min
CNN —Moody’s has put the credit ratings of six large US banks, including Bank of New York Mellon, State Street and Northern Trust, under review for a possible downgrade. A lower credit rating could push funding costs for those banks even higher. This, in turn, has raised fears that banks, which finance many commercial real estate deals, could suffer losses as a result. “Most regional banks have comparatively low regulatory capital versus the largest US banks and global peers,” Moody’s noted Monday. Moody’s also downgraded 10 smaller US banks Monday, including Commerce Bancshares (CBSH), BOK Financial Corporation and M&T Bank Corporation.
Persons: CNN — Moody’s, Dow, Cullen Frost, ” Moody’s, Moody’s Organizations: CNN, Bank of New York Mellon, State, Northern Trust, Nasdaq, Silicon Valley Bank, Signature Bank, First, U.S . Bancorp, Commerce, BOK Financial Corporation, T Bank Corporation Locations: Silicon, First Republic, United States
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