Cullen/Frost (CFR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Cullen/Frost (CFR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
HSBC upgraded Richemont to Buy from Hold with a CHF 155 price target.
CFR's third-quarter 2024 results reflect increased non-interest income and NII. Higher expenses act as headwinds.
Cullen/Frost Bankers, Inc. (CFR) Q3 2024 Earnings Conference Call October 31, 2024 2:00 PM ET Company Participants A.B. Mendez - SVP, Director of IR Phil Green - Chairman and CEO Jerry Salinas - Group EVP, CFO Dan Geddes - Incoming CFO Conference Call Participants Peter Winter - D.A.
While the top- and bottom-line numbers for Cullen/Frost (CFR) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Cullen/Frost Bankers (CFR) came out with quarterly earnings of $2.24 per share, beating the Zacks Consensus Estimate of $2.16 per share. This compares to earnings of $2.38 per share a year ago.
Cullen/Frost (CFR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Cullen/Frost (CFR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Shares of Texas-based Cullen/Frost have been a bit mixed since my opening piece, underperforming regional banks, albeit still delivering a 15% total return. Funding cost pressure continues to ease up, though flat earning-asset balances and elevated expenses continue to weigh on earnings. These shares look attractive at 13x EPS, with Frost's exclusive Texan footprint and expansion into new markets able to deliver more than enough growth to justify this.