Cullen Frost Bankers (CFR) falls 0.25% on Moderate Volume November 24

Equities Staff  |

Cullen Frost Bankers Inc. (NYSE: CFR) shares fell 0.25%, or $0.34 per share, to close Wednesday at $136.49. After opening the day at $136.94, shares of Cullen Frost Bankers fluctuated between $137.41 and $135.43. 168,279 shares traded hands a decrease from their 30 day average of 330,433. Wednesday's activity brought Cullen Frost Bankers’s market cap to $8,696,461,442.

Cullen Frost Bankers is headquartered in San Antonio, Texas..

About Cullen Frost Bankers Inc.

Cullen/Frost Bankers, Inc. is a financial holding company, headquartered in San Antonio, with $40.1 billion in assets at September 30, 2020. Frost provides a wide range of banking, investments and insurance services to businesses and individuals across Texas in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Permian Basin, Rio Grande Valley and San Antonio regions. Founded in 1868, Frost has helped clients with their financial needs during three centuries.

Visit Cullen Frost Bankers Inc.’s profile for more information.

The Daily Fix

Here's a trending selection from our newsletter, The Daily Fix, that captured readers' attention. Click here to subscribe and get The Daily Fix delivered right to your inbox.

Dismiss Gold at Your Peril

Back in December 1997, the Financial Times ran a now-infamous article titled “Death of Gold.”

In it, the author Kenneth Gooding claimed that as an investment, “Gold is a goner.” He said the crises of the previous 10 years — the 1987 stock market crash, the Gulf War, Asia’s financial meltdown — had not resulted in higher demand, as one might expect. Gold was now a “mere metal” and a “bad investment,” Gooding concluded.

[More]


 

Verizon FiOS Braces for Altice Optimum Market Entry

It looks like we are getting ready to see another competitive battle. This time it is in New York and the tri-state market. Altice USA (ATUS) is getting ready to go into direct competition with Verizon (VZ) FiOS, according to Altice CEO Dexter Goei. Today, Altice reaches 1.26 million people and is planning on reaching 1.5 million by end of 2021. Goei says Altice is planning to move into the Verizon FiOS market area by expanding its network by another million next year.

This sounds like big news and a real competitive threat to Verizon FiOS. Yes, a battle is brewing, but the real question is, will this really matter much to either Verizon, Altice, their customers, investors or the entire industry?

[More]


Novo Nordisk To Acquire Dicerna Pharmaceuticals for $3.3 Billion

Danish drugmaker Novo Nordisk A/S (NYSE: NVO) has agreed to acquire US-based biotech Dicerna Pharmaceuticals Inc (Nasdaq: DRNA) in a $3.3 billion cash deal.

[More]


 

About The New York Stock Exchange

The New York Stock Exchange is the world’s largest stock exchange by market value at over $26 trillion. It is also the leader for initial public offerings, with $82 billion raised in 2020, including six of the seven largest technology deals. 63% of SPAC proceeds in 2020 were raised on the NYSE, including the six largest transactions.

To get more information on Cullen Frost Bankers Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: Cullen Frost Bankers Inc.’s Profile. For more news on the financial markets be sure to visit Equities News. Also, don’t forget to sign-up for the Daily Fix to receive the best stories to your inbox 5 days a week.

Sources: Chart is provided by TradingView based on 15-minute-delayed prices. All other data is provided by IEX Cloud as of 8:05 pm ET on the day of publication.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Trending Articles

Online Sales Declined on Black Friday and Cyber Monday for First Time
Profiting From Energy Efficient Cryptocurrency Mining
Is AI Ready for Prime Time: Jeff Kagan
Stocks Close Broadly Lower as Powell Signals Faster Tapering by Fed
UK Regulator Rules Facebook Must Sell Giphy
US Bank Profits Slip 1.2% in Q3
Omicron Variant Reached Europe Earlier Than Previously Thought
Vaccine Stocks Soar Amid Omicron-Related Volatility



Market Movers

Sponsored Financial Content