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Top related persons:
Cullen - 3 Frost - 3 Charlie Munger - 1 Cullen Frost - 1 Steven Alexopoulos - 1 Munger - 1 Buffett - 1 — CNBC's Michael Bloom - 1
Top related locs:
San Antonio , Texas Wells Fargo Amarillo Marinac Wells SMBC Nikko Securities America WhatsApp Federal Reserve Bank of New York
Top related orgs:
Frost Bankers - 3 JPMorgan - 2 Bank - 2 Northern Trust - 2 BOK - 2 T Bank - 2 Pinnacle Financial - 2 Citizens Financial - 2

Search resuls for: "Frost Bankers"


6 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
☆ 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.
☆ 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.
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