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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
07/26/2024 16:10:00 EST
Cullen/Frost Bankers Inc (CFR)
Industry: Banks - Regional
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, CFR has been trading in a range between $115.37 and $97.66 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
CFR is breaking above top of the recent 20 day range at $116.84 and appears that it could have some more upside. If it enters a yellow zone the trend may be faltering - consider exiting or taking profits. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Cullen/Frost Bankers Inc $CFR entered a Green zone 12 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $110.93, a potential down side of -7.36% from the recent price of 119.74. The stock is trading 2.86% (potential upside) below its 52 week high of $123.17 and 49.56 % (potential downside) above its 52 week low of $80.06 - based on the recent price.
Company Summary
Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.
News
| Cullen/Frost (CFR) Q2 Earnings Beat Estimate, NII Rises Y/Y Cullen/Frost's (CFR) second-quarter earnings beat estimates on the back of higher NII, fee income and loan balance. However, rising expenses alongside high credit loss expenses remain woes. Source: Zacks Investment Research Fri, 26 Jul 2024 09:16:08 -0400 Sentiment: Positive |
| Cullen/Frost Bankers, Inc. (CFR) Q2 2024 Earnings Call Transcript Cullen/Frost Bankers, Inc. (CFR) Q2 2024 Earnings Conference Call July 25, 2024 2:00 PM ET Company Participants A.B. Mendez - Senior Vice President & Director of Investor Relations Phil Green - Chairman & Chief Executive Officer Dan Geddes - San Antonio Region President Jerry Salinas - Group Executive Vice President & Chief Financial Officer Conference Call Participants Steven Alexopoulos - JPMorgan Dave Rochester - Compass Point Ebrahim Poonawala - Bank of America Peter Winter - D.A. Source: Seeking Alpha Thu, 25 Jul 2024 20:32:08 -0400 Sentiment: Neutral |
| Zacks Initiates Coverage of Vaso With Neutral Recommendation Discover why Zacks rates Vaso as "Neutral", being the first on Wall Street to initiate coverage on the stock. Explore VASO's strategic market presence and financial health amid market challenges. Source: Zacks Investment Research Thu, 25 Jul 2024 12:21:11 -0400 Sentiment: Negative |
| Compared to Estimates, Cullen/Frost (CFR) Q2 Earnings: A Look at Key Metrics While the top- and bottom-line numbers for Cullen/Frost (CFR) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. Source: Zacks Investment Research Thu, 25 Jul 2024 12:01:04 -0400 Sentiment: Neutral |
| Cullen/Frost Bankers (CFR) Beats Q2 Earnings and Revenue Estimates Cullen/Frost Bankers (CFR) came out with quarterly earnings of $2.21 per share, beating the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $2.47 per share a year ago. Source: Zacks Investment Research Thu, 25 Jul 2024 11:26:10 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 123.17 52 Week Low: 80.0615 Beta: 1.02 50 Day MA: 102.8356 200 Day MA: 103.5478 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.105 Qtr Revenue Growth YOY: 0.028 Forward PE: 13.21 Trailing PE: 14.3549