Texas bank Cullen/Frost’s Chairman and CEO Dick Evans says even if crude falls another 20%, his company will be able to stay afloat.» Read More
SAN ANTONIO _ Cullen/Frost Bankers Inc. on Wednesday reported first-quarter profit of $72.2 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share. Six analysts surveyed by Zacks expected $276.7 million.
If you're working with limited capital, chances are you'll have to choose between two very different stocks. How do you do it?
By Astrid Wendlandt PARIS, Oct 9- French retail and luxury group PPR. While PPR is keen to present Fnac as a turnaround story to shareholders, some analysts said PPR was also looking to separate the retailer from its accounts at a time when consumption trends in France were worsening.
*Barclays starts coverage of the U.S. small-cap banks industry with neutral. *Barclays starts Associated Banc Corp with equal weight rating. *Barclays starts Cullen/Frost Bankers Inc with underweight rating.
ZURICH, Oct 3- Swiss stocks were set to open slightly weaker on Wednesday as gloomy economic data from China and uncertainty over the Spanish debt crisis were somewhat offset by continuing underlying monetary support from central banks around the world.
PARIS, Oct 3- Louis Vuitton is branching out into luxury pens and stationery as the upmarket leather bag maker looks for new ways to retain its exclusive image, after it launched high-end jewellery and hired an expert to create a perfume.
PARIS, Oct 2- European luxury stocks, once a must-have for portfolio managers seeking to avoid the European economic doldrums and get exposure to surging China sales, are falling out of favour, hit by concerns about slowing growth there.
JOHANNESBURG, Oct 2- Compagnie Financiere Richemont SA:. *Says has acquired 100 percent of manufacturer VVSA. *Says acquisition will nor have impact on the groups profitability for the year.
Although defensive stocks have performed well this year, one fund manager said he is finding more attractive valuation in some slightly riskier mid-cap companies, including several regional banking stocks.
JPMorgan kicked off the major banks to report earnings Wednesday, posting a better-than-expected profit, helped by lower loan losses in its retail and credit card units. So is this the time for investors to buy banks? Matt McCormick, banking analyst and portfolio manager at Bahl & Gaynor Investment Counsel and Chris Kotowski, senior research analyst at Oppenheimer & Co. shared their insights.
Bank stocks slipped this week with big news rocking the sector. How should you trade financials going forward?
The global slowdown and the financial meltdown don't faze Randy Bateman. The CIO of Huntington Funds has his eyes on a global infrastructure play and a bank.
The week was a mixed bag of economic and market news, most of it on the negative side. Oil prices continued to hit record highs, the market officially entered bear territory and the European Central Bank socked it to the U.S. by raising rates a quarter-point. Despite all of this, CNBC guests found bright spots in steel, financials, tech and international stocks.
The market may be headed south, but that doesn't mean your portfolio has to follow suit. To give investors an edge, CNBC asked the market experts for their best stock picks now.
Randy Bateman, chief investment officer of Huntington Funds, told CNBC about his five-star stock picks.
After beating their own benchmark index for the last five years, Standard & Poor’s equity research team is betting on the biggest U.S. jam maker and the Magic Kingdom, among 40 companies in this year’s PowerPicks stock portfolio, to outperform again in 2008.