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☆ Spurs’ Gregg Popovich expected ‘to make a full recovery’ after suffering mild stroke
▼ + stars: | 2024-11-13 | by ( Thomas Schlachter | Jamie Barton | ) edition.cnn.com time to read: +1 min

CNN —Gregg Popovich, the NBA’s all-time winningest coach, suffered a mild stroke on November 2, the San Antonio Spurs said Wednesday. San Antonio said the incident happened at Frost Bank Center, the home arena of the Spurs. Popovich has started rehabilitation and is “expected to make a full recovery,” according to the team. “I would say that he’s doing good,” Johnson told reporters after the Spurs’ November 7 game against the Portland Trail Blazers. So, have not talked details and I’m not sure about anything.”The San Antonio Spurs say Popovich is "expected to make a full recovery."

Persons: CNN — Gregg Popovich, Popovich, Antonio, ”, Mitch Johnson, “, ” Johnson, “ We’ve, I’ve, I’m, Wesley Hitt, Victor Wembanyama, We’re, ” Popovich, – Organizations: CNN, San Antonio Spurs, Frost Bank Center, Spurs, “, ” Spurs, Portland Trail Blazers, Getty, Blazers, NBA, Washington Wizards

☆ Victor Wembanyama joins legendary group of NBA players after posting another monstrous stat-line
▼ + stars: | 2024-11-12 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —Victor Wembanyama put his name alongside some legendary figures in NBA history after posting yet another monstrous stat-line during the San Antonio Spurs’ 116-96 victory over the Sacramento Kings on Monday. 1 overall pick in last year’s draft, meaning he has now played the equivalent of a full season. When asked about what he’s learned after playing a full season, Wembanyama highlighted the mental aspect of preparing for a busy schedule. One thing that has developed for Wembanyama as the season has gone on is his success from three-point range. I’m 20, I’m hoping for some years it’s going to keep feeling better and better.

Persons: CNN — Victor Wembanyama, Frenchman, Oscar Robertson, Kareem Abdul, Jabbar, Larry Bird, Blake Griffin, Sidney Wicks, he’s, Wembanyama, ”, “ I’m, ” Wembanyama, Scott Wachter, Chris Paul, “ Organizations: CNN, San Antonio Spurs, Sacramento Kings, Spurs, Kings, “, Utah Jazz, Wembanyama, NBA, Reuters, Washington Wizards, Frost Bank Center Locations: Sacramento

The Spurs' majority owner is Peter Holt, managing partner of Spurs Sports & Entertainment, which also operates the team's arena, the Frost Bank Center. Last May, Viera bought a 5% stake in the Spurs for an undisclosed enterprise value. Partial team owners can get major discounts when they buy small pieces of teams that give them less control over decisions. Businessman Paul Viera is increasing his stake in the San Antonio Spurs from 5% to 11%, CNBC has learned, as NBA valuations climb and make teams more attractive assets for investors. NBA teams are hot assets thanks in large part to the league's new $76 billion, 11-year media deal.

Persons: Peter Holt, Holts, Michael Dell, McCombs, David Robinson, Viera, Earnest, Paul Viera, Victor Wembanyama, Junior Bridgeman, Dee Haslam, Marc Lasry's, Bridgeman, Grant Hill, Penny, Hardaway, Robinson, Dwyane Wade, Elliot Perry, Michael Jordan, Wyc Grousbeck, Aramark Organizations: San Antonio Spurs, Golden State Warriors, T Center, Spurs, Spurs Sports & Entertainment, Frost Bank Center, Dell Technologies, Sixth Street Partners, Earnest Partners, CNBC, NBA, Southwest Division, Milwaukee Bucks, Bucks, Atlanta Hawks, Memphis Grizzlies, Utah Jazz, Grizzlies, Charlotte Hornets, Boston Celtics, Grousbecks, Celtics Locations: San Antonio , Texas, Atlanta

☆ 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

☆ Frost Bank CEO on regional banks
▼ + stars: | 2024-01-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrost Bank CEO on regional banksPhil Green, Frost Bank chair and CEO, joins 'The Exchange' to discuss pressures on regional banks based on geography, commercial real estate, and more.

Persons: Phil Green Organizations: Email Frost Bank, Frost Bank

SAN ANTONIO (AP) — San Antonio coach Gregg Popovich grabbed the microphone and chastised the crowd at the Frost Bank Center on Wednesday night, telling fans to stop booing former Spurs All-Star Kawhi Leonard and the Los Angeles Clippers. Knock off the booing.”Leonard has been jeered by Spurs fans since he demanded a trade and was dealt from San Antonio to the Toronto Raptors on July 18, 2018. Fans booed as Leonard stood at the free throw line following a foul by Spurs forward Keldon Johnson with 3:08 remaining in the first half. Fans showered Leonard with thunderous jeers in his initial return to San Antonio following his trade to Toronto. The booing has lessened over the years with some fans cheering when he was announced at last year’s game.

Persons: —, Gregg Popovich, Kawhi Leonard, ” Popovich, It’s, ” Leonard, Leonard, Keldon Johnson, Popovich, James Harden, “, I’ve, ”, Bobby Knight, ” Knight Organizations: ANTONIO, Frost Bank Center, Spurs, Los Angeles Clippers, Toronto Raptors, Clippers, Indiana Hoosiers, Michigan State Locations: — San Antonio, San Antonio, Antonio, Toronto

☆ NBA roundup: De'Aaron Fox (43 points) pushes Kings past Spurs
▼ + stars: | 2023-11-18 | by ( ) www.reuters.com time to read: +6 min

Sabonis finished with 27 points and 14 rebounds and Malik Monk added 20 points off the bench for the Kings. Scottie Barnes and Gary Trent Jr. each added 14 points. Trae Young led the Hawks with 22 points and 13 assists while Jalen Johnson added 18 points and 10 rebounds. Evan Mobley contributed 18 points and 10 rebounds for the Cavaliers, and Max Strus also scored 18 points. It was his second game of at least 20 points in a Clippers uniform, both in the past two contests.

Persons: De'Aaron Fox, Victor Wembanyama, Scott Wachter, Fox, Domantas Sabonis, Sabonis, Malik Monk, Zach Collins, Derrick White, White, Jaylen Brown, Pascal Siakam, Dennis Schroder, Scottie Barnes, Gary Trent Jr, Franz Wagner, Jonathan Isaac, Gary Harris, Paolo Banchero, Cole Anthony, Mo Wagner, Chicago's Zach LaVine, DeMar DeRozan, Joel Embiid, Embiid, Tobias Harris, Tyrese Maxey, Trae Young, Jalen Johnson, Jalen Brunson, Brunson, Immanuel Quickley, Kyle Kuzma, Deni Avdija, Damian Lillard, Charlotte, Miles Bridges, Malik Beasley, Lillard, Beasley, LaMelo Ball, Darius Garland's, Donovan Mitchell, Evan Mobley, Max Strus, Cade Cunningham, Isaiah Stewart, Kevin Knox, Zion Williamson, Jonas Valanciunas, Brandon Ingram, Naji Marshall, Dyson Daniels, Nikola Jokic, Christian Braun, Michael Porter Jr, James Harden, Kawhi Leonard, Paul George, Harden, Alperen Sengun, Green, Fred VanVleet, LeBron James, Anthony Davis, D'Angelo Russell, Jerami Grant, Deandre Ayton, Shaedon Sharpe, Kevin Durant, Devin Booker, Jordan Clarkson, John Collins, Lauri Markkanen Organizations: Sacramento Kings, San Antonio Spurs, Frost Bank Center, NBA, Spurs, Celtics, Raptors, Boston, Toronto, Bulls, Orlando, Chicago, Orlando Magic, 76ers, Hawks, Atlanta, Knicks, Wizards, Washington, Bucks, Hornets, Milwaukee, Cavaliers, Pistons, Cleveland, Detroit, Pelicans, Nuggets, New Orleans, Denver, Clippers, Rockets, Houston, Philadelphia 76ers, Lakers, Trail Blazers, Portland, Suns, Jazz, Phoenix, Thomson Locations: San Antonio , Texas, USA, Sacramento, Antonio, Philadelphia, New York, Bridges, Los Angeles, Utah, Salt Lake City . Durant

☆ Victor Wembanyama enjoys first NBA win as he leads San Antonio Spurs to victory over Houston Rockets
▼ + stars: | 2023-10-28 | by ( Aimee Lewis | ) edition.cnn.com time to read: +2 min

Standing at 7-foot-4-inches with an 8-foot wingspan, Wembanyama possesses a skillset which has been rarely seen before in the NBA. “I really, really love winning,” said Wembanyama, per ESPN. “It’s what I love most in life, so of course it feels great.”Victor Wembanyama celebrates after beating the Houston Rockets. “I said this after the first preseason game or scrimmage, but he’s going to make some amazing plays at least once a game, and tonight he probably had three or four,” he said, per ESPN. The Golden State Warriors secured a 122-114 victory against the Sacramento Kings, with Steph Curry contributing a game-high 41 points.

Persons: Victor Wembanyama, Frenchman, ”, Wembanyama, ” Victor Wembanyama, Chandan Khanna, Devin Vassell, “, Luka Dončić, Steph Curry, Nikola Jokić Organizations: CNN, NBA, San Antonio Spurs, Houston Rockets, Frost Bank, Spurs, ESPN, “, Getty, Dallas Mavericks, Brooklyn Nets, Golden State Warriors, Sacramento Kings, Denver Nuggets, Memphis Grizzlies Locations: ”

☆ Luka Doncic spoils Victor Wembanyama's debut in Mavs' win
▼ + stars: | 2023-10-26 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

[1/101] Oct 25, 2023; San Antonio, Texas, USA; Fans wait for San Antonio Spurs center Victor Wembanyama (1) to enter the court before the game against the Dallas Mavericks at the Frost Bank Center. Mandatory Credit: Daniel Dunn-USA TODAY Sports Acquire Licensing RightsOctober 26 - Luka Doncic produced a triple-double to help the Dallas Mavericks spoil Victor Wembanyama's NBA debut with a 126-119 victory over the host San Antonio Spurs in the season opener for both teams Wednesday night. San Antonio led for 43-36 at the quarter's end. The Mavericks drew even at 52-52 on a Williams 3-pointer with 6:09 to play in the second quarter. Vassell scored 15 first-half points to pace the Spurs, who also got 10 points each in the half from Sochan and Johnson.

Persons: Victor Wembanyama, Daniel Dunn, Luka Doncic, Victor Wembanyama's, Doncic, Devin Vassell, Dallas, Kyrie Irving, Irving, Tim Hardaway Jr, Grant Williams, Dereck Lively, Vassell, Keldon Johnson, Tre Jones, Zach Collins, Jeremy Sochan, Wembanyama, Williams, Hardaway, Johnson Organizations: San Antonio Spurs, Dallas Mavericks, Frost Bank Center, Victor Wembanyama's NBA, Mavericks, Spurs, NBA, Dallas, Thomson Locations: San Antonio , Texas, USA, France, Antonio, Dallas, Sochan

☆ NBA roundup: Mavs spoil Victor Wembanyama's debut
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +8 min

Julius Randle had 14 points and 11 rebounds for New York, while Jalen Brunson scored 15 points but shot just 6-for-21 from the field. Fred VanVleet and Dillon Brooks scored 14 points apiece in their Houston debuts. Jalen Duren (17 points, game-high-tying 14 rebounds) and Isaiah Stewart (14 points, game-high-tying 14 rebounds) recorded double-doubles for the Pistons. Anthony Edwards led the Timberwolves with 26 points and 14 rebounds, and Rudy Gobert had 15 points and 13 rebounds. Former Celtic Marcus Smart scored 17 points in his Memphis debut, and Xavier Tillman added 17 points and 12 rebounds.

Persons: Luka Doncic, Daniel Dunn, Victor Wembanyama's, Doncic, Kristaps Porzingis, Jayson Tatum, RJ Barrett, Immanuel Quickley, Julius Randle, Jalen Brunson, Paul George, Kawhi Leonard, Ivica Zubac, Russell Westbrook, Malcolm Brogdon, Anfernee Simons, Damian Lillard, Lillard, Washington, Brandon Miller, Terry Rozier's, LaMelo, Mark Williams, Miller, Gordon Hayward, Trae Young, Jalen Johnson, Saddiq Bey, Clint Capela, Bruce Brown, Brown, Tyrese Haliburton, Kyle Kuzma, Donovan Mitchell, Max Strus inbounded, Darius Garland, Garland, Mitchell, Brooklyn's Cameron Johnson, Strus, Isaac Okoro, Cam Thomas, Johnson, Shai Gilgeous, Alexander, Josh Giddey, Jalen Williams, Isaiah Joe, DeMar DeRozan, Zach LaVine, Coby White, Nikola Vucevic, Harrison Barnes, Sabonis, De'Aaron Fox, Keegan Murray, Jordan Clarkson, Lauri Markkanen, John Collins, Cole Anthony, Gary Harris, Anthony, Harris, Fred VanVleet, Dillon Brooks, Alperen Sengun, Bam Adebayo, Cade Cunningham, Adebayo, Jimmy Butler, Cunningham, Jalen, Isaiah Stewart, Dennis Schroder, Schroder, Darko Rajakovic, Anthony Edwards, Rudy Gobert, CJ McCollum, McCollum, Zion Williamson, Brandon Ingram, Desmond Bane, Ja Morant, Celtic Marcus Smart, Xavier Tillman Organizations: Dallas Mavericks, San Antonio Spurs, Frost Bank Center, Victor Wembanyama's NBA, Celtics, Knicks, Boston, New, Clippers, Trail Blazers, Portland, Milwaukee Bucks, Hornets, Hawks, Charlotte, Atlanta, Pacers, Wizards, Indiana, Cavaliers, Nets, Cleveland, Brooklyn, Thunder, Bulls, Oklahoma City, Chicago, Jazz, Utah, Rockets, Orlando, Houston, Pistons, Miami, Raptors, Timberwolves, Toronto, Minnesota, Pelicans, Grizzlies, New Orleans, Memphis, Celtic, Thomson Locations: San Antonio , Texas, USA, France, New York, Los Angeles, Portland, Atlanta . Washington, Atlanta, Washington, Indianapolis, Brooklyn, Sacramento, Salt Lake City, Kings, Houston, Jalen Duren, Toronto

SAN ANTONIO (AP) — The Victor Wembanyama era is underway in San Antonio. Wembanyama made his NBA debut with the Spurs against the Dallas Mavericks on Wednesday night and made an immediate splash. “How can I deny that,” San Antonio coach Gregg Popovich said prior to Wednesday's game. San Antonio received more than 200 media credential requests from eight countries, rivaling the interest shown during the NBA Finals. Wembanyama’s presence forced the Spurs to sell standing-room only tickets for the opener, a move that comes just months after the team struggled to sell tickets during its 22-60 finish last season.

Persons: Victor Wembanyama, Wembanyama, ”, Gregg Popovich, Victor’s, that’s, he’s, San Antonio, Manu Ginobili, Tim Duncan, Tony Parker, —, “, Melvin Voight Organizations: ANTONIO, NBA, Spurs, Dallas Mavericks, Frost Bank Center, Nike, ” Spurs Locations: San Antonio, France, ” San Antonio

☆ Lock in CD rates of at least 4% for up to five years at these banks
▼ + stars: | 2023-09-22 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Higher yields on savings won't last forever, but you can at least lock them in for the next few years. The Federal Reserve indicated Wednesday it would keep interest rates higher for longer, anticipating one more rate hike before the year ends. The developments bode well for income investors , who are seeing even higher yields on Treasurys, money market funds and certificates of deposit . It also raises an interesting conflict for investors : The richest rates are at the shorter end of the yield curve, but investors willing to commit some of their money can lock in higher rates for a couple of years. If you're ready to commit to five years, a handful of banks will pay upward of 4% in yield.

Persons: bode, Jeremy Keil, It's, — CNBC's Michael Bloom Organizations: Federal Reserve, Keil Financial Partners, Treasury, UBS, Frost Bank, Bread Financial

☆ What does Moody’s downgrade mean for markets?
▼ + stars: | 2023-08-09 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —Moody’s on Monday evening downgraded 10 US banks and put the credit ratings of six others on review, an indication that the agency could also eventually downgrade those institutions. Some investors say that while the Moody’s downgrade isn’t groundbreaking, it’s a reminder that the economy, and markets, still have challenges ahead. Moody’s downgraded Commerce Bank, BOK Financial, M&T Bank, Old National Bank, Prosperity Bank, Amarillo National Bank, Webster Financial, Fulton Financial, Pinnacle Financial and Associated Bank. Wall Street firms fined $549 million for using WhatsApp and other channelsWells Fargo is among a number of Wall Street firms that admitted Tuesday to using WhatsApp, Signal and other messaging platforms for “off-channel” communications in violation of federal recordkeeping requirements. The Securities and Exchange Commission said the Wall Street firms acknowledged wrongdoing and have agreed to pay penalties totaling $289 million, reports my colleague Matt Egan.

Persons: CNN — Moody’s, JPMorgan Chase, Wells, Goldman Sachs, BNY, Cullen, Frost, ” Moody’s, ”, Kara Murphy, Fitch, Christopher Marinac, Janney Montgomery Scott, Price, Matt Egan, Houlihan Lokey, Alicia Wallace Organizations: CNN Business, Bell, CNN, Bank, Dow Jones, Nasdaq, JPMorgan, Banking, BNY Mellon, Northern Trust, Frost Bankers, Truist Financial, US Bank, Moody’s, Commerce Bank, BOK, T Bank, National Bank, Prosperity Bank, Amarillo National Bank, Webster Financial, Fulton Financial, Pinnacle Financial, Associated Bank, PNC Financial Services, Financial, Citizens Financial, Fifth Third Bank, Huntington Bank, Regions Financial, Cadence Bank, FNB Corp, Simmons, Ally Financial, Bank OZK, Valley Bank, Signature Bank, Federal Reserve, Kestra Investment Management, Consumer, Wall Street, Securities, Exchange Commission, SEC, BNP, SG Americas, BMO Capital Markets, Mizuho Securities, SMBC Nikko Securities, Federal Reserve Bank of New Locations: Wells Fargo, Amarillo, Marinac, Wells, SMBC Nikko Securities America, WhatsApp, Federal Reserve Bank of New York, York

☆ Moody's cuts ratings of 10 U.S. banks and puts some big names on downgrade watch
▼ + stars: | 2023-08-08 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Moody's cut the credit ratings of a host of small and mid-sized U.S. banks late Monday and placed several big Wall Street names on negative review. Moody's also changed its outlook to negative for 11 banks, including Capital One , Citizens Financial and Fifth Third Bancorp . Among the smaller lenders receiving an official ratings downgrade were M&T Bank , Pinnacle Financial , BOK Financial and Webster Financial . "Meanwhile, many banks' Q2 results showed growing profitability pressures that will reduce their ability to generate internal capital. Though the stress on U.S. banks has mostly been concentrated in funding and interest rate risk resulting from monetary policy tightening, Moody's warned that a worsening in asset quality is on the horizon.

Persons: Moody's, Cullen, Frost, Jill Cetina, Ana Arsov Organizations: New York Stock Exchange, Bank, New York Mellon, U.S . Bancorp, Truist, Frost Bankers, Northern Trust, Capital, Citizens Financial, Fifth Third Bancorp, T Bank, Pinnacle Financial, BOK, Webster, Regional, Silicon Valley Bank, Signature Bank, Credit Suisse, UBS, Federal Reserve, Fed Locations: New York City, U.S, Regional U.S, Silicon, Europe, Swiss

☆ Insiders in the banking sector scoop up shares during spreading crisis
▼ + stars: | 2023-03-22 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Insiders in the banking sector snapped up shares of their own companies in what could be a show of faith as the unfolding crisis sent stocks sharply lower. The collapse of Silicon Valley Bank, Signature Bank and Silvergate Capital prompted regulators to provide emergency rescue actions that calmed immediate funding concerns. Stephens Bank said about 40% of banks in its coverage have disclosed insider purchases since March 6. A total of 11 insiders at Valley National Bancorp bought shares in the past two weeks, including purchases by its CEO and several directors. PacWest shares have rebounded 9% this week, but are still down 63% this month.

☆ The value of a financial institution is in its deposit base, says Phil Green, CEO of Cullen/Frost Bankers
▼ + stars: | 2023-03-13 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe value of a financial institution is in its deposit base, says Phil Green, CEO of Cullen/Frost BankersMad Money host Jim Cramer talks to Cullen/Frost Bankers CEO Phil Green about whether his bank could get caught up in the current regional banking panic.

☆ Main Street community banks have business models that are very solid, says Frost Bank CEO
▼ + stars: | 2023-03-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMain Street community banks have business models that are very solid, says Frost Bank CEOPhil Green, Frost Bank CEO, joins 'The Exchange' to give his read on fall of Silicon Valley Bank.

☆ Bank of America upgrades little-known bank stock it calls the best 'pure play' on Texas
▼ + stars: | 2023-01-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Texas-based Cullen/Frost Bankers is one of the best "pure-play" stocks for investors looking to bet on growth in the Lonestar state, according to Bank of America. Analyst Ebrahim Poonawala upgraded the under-the-radar bank stock to buy from neutral, saying in a note to clients Thursday that the recent pullback in the stock creates an attractive opportunity for investors to gain exposure to a company dominating deposit market share in Texas. "We view CFR as ap high-quality bank with a proven history of conservative balance sheet management, high quality franchise, and attractive Texas footprint," he wrote. Poonawala also cited the company's deposit franchise, along with its underwriting standards and below average credit losses as reasons for liking the stock. The bank's $155 price target suggests shares stand to gain 18% from Wednesday's close price.

☆ Watch CNBC's full interview with MAI Capital's Chris Grisanti and Frost Bank's Phil Green
▼ + stars: | 2022-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with MAI Capital's Chris Grisanti and Frost Bank's Phil GreenChris Grisanti, MAI Capital Management chief equity strategist, and Phil Green, Frost Bank chairman and CEO, join 'The Exchange' to discuss why equity markets are currently surging, if a market rally signals a potential pivot from Federal Reserve, and more.

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