Karen Finerman Is Bearish On Cullen/Frost Bankers, Inc.

CNBC Fast Money's Karen Finerman shared with the viewers of the show a bearish energy related trade in the financial space. She believes that banks with exposure to the crude oil sector will struggle going forward and she picked Cullen/Frost Bankers, Inc. (NYSE: CFR) as a stock to sell. Finerman explained that the bank is very well run and it has only 15 percent of assets in the energy space, but she believes that everything in Texas is related to crude oil, so the exposure is bigger. The stock traded lower in the last couple of days and Finerman pointed that it was very expensive before the decline as it had high price to book and price to earnings ratios. She added that the company had an acquisition in June in the Permian Basin which is a sign that the management was bullish on the energy space.In the financial space, Finerman would also consider a short position in BOK Financial Corporation (NASDAQ: BOKF), which has more exposure to the energy space than Cullen/Frost Bankers, Inc..