Cullen/Frost Bankers Q4 Profit Tops Estimates

Cullen/Frost Bankers Q2 Profit Tops Estimates; Boosts Dividend 3.3%

Bank holding company Cullen/Frost Bankers, Inc. (CFR) on Thursday reported that second quarter net income available to common shareholders declined to $143.83 million or $2.21 per share from $160.45 million or $2.47 per share in the prior-year quarter.

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Cullen/Frost Bankers Q1 Profit Tops Estimates

Bank holding company Cullen/Frost Bankers, Inc. (CFR) on Thursday reported that first quarter net income available to common shareholders surged to $175.98 million or $2.70 per share from $97.43 million or $1.50 per share in the prior-year quarter.

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CAC 40 Up Nearly 1%

French stocks gaining some ground in positive territory on Friday, continuing their upmove for the fourth consecutive session and expectations the meeting between U.S. President Donald Trump and Russian President Vladimir Putin will help bring about an end to the ongoing war in Ukraine.

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DAX Up Nearly 0.5%, Hits 5-week High

German stocks are up in positive territory on Friday, rising for the third consecutive session, and the benchmark DAX has hit a more than 5-week high, as some strong earnings updates and hopes about a positive outcome from U.S. President Donald Trump and Russian President Vladimir Putin's meeting help underpin sentiment.

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European Shares Extend Gains With Focus On Putin-Trump Talks

European stocks held near five-month highs on Friday amid hopes the Trump-Putin summit in Alaska might help end the war in Ukraine.

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Asian Shares Mostly Higher With Ukraine Talks In Focus

Asian stocks ended mostly higher on Friday as investors reacted to mixed economic data from China and Japan, and awaited the outcome of the Alaska summit between U.S. and Russian Presidents.

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China Economic Data Disappoints

China's industrial production, retail sales and fixed asset investment registered weaker-than-expected growth in July, strengthening calls for further policy support to rebalance the economy towards consumption. Industrial production grew 5.7 percent in July from a year ago, following June's 6.8 percent increase, the National Bureau of Statistics reported Friday.

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Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Friday.

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EURUSD	1.16868	GBPUSD	1.3563	AUDUSD	0.6512
USDJPY	146.92	USDCAD	1.37894	USDCHF	0.80569