Cullen/Frost (CFR) Stock Down 4.1% Despite Q4 Earnings Beat
Cullen/Frost Bankers, Inc. CFR reported fourth-quarter 2020 earnings per share of $1.38, which handily surpassed the Zacks Consensus Estimate of $1.30. However, it compared unfavorably with the prior-year quarter figure of $1.60 per share. Results reflect strong capital position and improved deposit balance. However, decline in revenues was a major drag in the quarter. Also, higher provisions acted as an undermining factor. Perhaps due to these...
Zacks.com
Top Stocks
6 Factors to Consider When Comparing Tax Preparation Services
Filing your tax return every year might feel like it’s a necessary evil. But if you’re one of the roughly three-quarters of Americans who receives a refund, according to the IRS, the payoff is worth it. Even if you don’t, failing to file your taxes could cause you to face harsh penalties, including jail time. >>MORE: …
Slickdeals
Personal Finance
Why you should spend the maximum on the Amex Business Platinum Card’s new categories
The Business Platinum Card® from American Express has long been a top-tier choice for luxury business travelers. It comes with a steep annual fee of $595 (see rates and fees), but you’re getting an incredible lineup of benefits that can easily offset that price when you regularly use your card. Want more credit card news …
The Points Guy
Small Business
Biden's order could be the 'nail in the coffin' for oil and gas
President Joe Biden’s one-year moratorium on new leases for fossil fuel extraction from federal lands and waters will have a minimal, short-term impact on oil and gas companies that long anticipated such a move. But if the ban on new leases were extended over Biden’s presidency, as analysts widely believe could happen, it would have a profound effect on oil and gas companies, particularly shale drillers in the Permian Basin and offshore...
Houston Chronicle
Markets
Amazon brings hundreds of jobs, faster delivery to Galveston County with La Marque facility
Amazon Logistics plans to open a delivery station in La Marque that will enable quicker delivery times and bring hundreds of jobs to Galveston County. The facility will be the first Amazon delivery station in Galveston County and its ninth in greater Houston, according to the company. The online retailer's delivery stations receive packages from neighboring Amazon fulfillment and sorting centers before they are loaded onto vehicles for final...
Houston Chronicle
Companies
East West Bancorp (EWBC) Up on Q4 Earnings Beat, Dividend Hike
East West Bancorp’s EWBC fourth-quarter 2020 earnings per share of $1.15 outpaced the Zacks Consensus Estimate of $1.03. However, the figure is down 10.9% from the prior-year quarter. Results included adjustments related to DC Solar tax credit investments. Results reflect rise in non-interest income and lower expenses. Also, the company witnessed a rise in loan and deposits balance during the quarter. These factors, along with a 20% dividend...
Zacks.com
Top Stocks
Trading frenzy in AMC stock may stave off bankruptcy but cinema operator still faces years of recovery
The trading frenzy that has propelled the shares of AMC Entertainment Corp. up more than 600% in the year to date may have saved the cinema operator from bankruptcy but the company is still facing formidable challenges after being hammered by the coronavirus pandemic.
MarketWatch
Companies
Video
Robinhood allows limited Gamestop trading after backlash over removal from platform
Popular trading app Robinhood is allowing limited trading Friday morning of GameStop stock. This comes one day after it banned the company's stock from its platform, citing extraordinary market conditions. Vladimir Duthiers reports.
CBS News
Gaming News
Investors that converted AMC bonds to stock see value of holdings slide 30% in a matter of hours
The investors that opted to convert all $600 million of convertible bonds issued by AMC Entertainment Holdings Inc. into stock on Wednesday are now looking at a sizable decline in the value of those holdings.
MarketWatch
Top Stocks
Photos
7 Cruise Stocks Looking For A Shot In The Arm to Go Full Steam Ahead
With vaccines being administered, some investors wonder if cruise stocks are a good investment? It's probably too early to buy, but it's time to get your watch list together.More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now.
InvestorPlace
Saving & Investing