Cullen/Frost Bankers, Inc. (NYSE:CFR)
A financial holding company and a bank holding company that provides, through its subsidiaries an array of products and services throughout 12 Texas markets.
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Recs
One of the best banks leader in a growing and healthy region, Texas. An indirect play on oil.
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A bank, paying dividends through the recession. No brainer. No Govt bailout for this bank. SOLID.
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Texas has not felt the effects of the economic downturn like California, Nevada, Florida and Arizona and that is why all Texas regional banks are a great buy. CFR is well capitalized with little to no subprime exposure. Great management team and board of directors.
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Along with BOH and a few other regionals, I'm high on CF. Very good debt, well positioned, nice yield, good P/E. The stronger regional banks should be among the first companies to perform well, before the general economy picks up. CFR will be able to tap the cheap fed dollars and lend them at, naming their return . . . 7,8,9,10% . . . whatever.
CFR is positioned to kill it.
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Regional bank
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quality assets, strong management, local powerhouse in a growing regional economy.
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solid bank, no toxic funds and strong regional presence.
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They said "no" to government bailout b/c they are one of the only banks that don't need it.
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Strong.....Customer Friendly......Adjusts with times quickly....they really love their Customers
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pays a 3% dividend.13 billion in assets.it does little residential lending,0 in subprime area.1/2 of its loans are to businesses.1/3 of the money comes from business checking that it has.
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loading up on regional banks in Texas. All will be bought out. Very hot market for consolidation.
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pro pickr
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Stable, excellent regional bank stock with supurb record of dividends and price increase.
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