I'm new to this board and see that it's not very active. Hope it turns out to be a good one.
When the Fed appears to have stopped raising rates and it might be a good time to get into financial stocks, I'm looking at CFR as a strong possibility. It appears to be a very well run bank and a likely takeover target. The biggest concern I have is that it is not real cheap, even at these prices. It's not directly comparable, of course, but WAMU is trading a less that half of CFR's P/E.
(+) CFR is in a relatively diverse economic environment for a regional bank. (-) However, it is somewhat susceptable to oil prices and the Mexican economy. (+) It has historically stable management. (-) But it is run out of San Antonio in a somewhat laidback fashion, retarding its ability to respond to opportunities in the more cosmopolitan areas of Texas, like Houston and Dallas.
As far as a takeover targer, it was involved in the first planned merger in US history which the Federal Reserve Bank refused to approve (1993).
I said the price would drop 2 more points. Wrong! I should of said 4 points in 2 1/2 months. Look at this one later when the interest rates are stable. Get into tech baby. It is al about the internet security. Try ENTU and CYLK. My tip to the few that check this board. See ya all in a few months.