I recently came across something that surprised me about Cullen/Frost Bankers (NYSE: CFR). If you’re interested in its stock, I suspect you’ll find it interesting too.
Cullen/Frost is based in Texas and focuses heavily on the energy industry. This is great when oil prices are high because it increases loan demand and decreases defaults. But it’s the opposite when energy prices drop, which has been the case since the middle of 2014.