As $GS drags on financials, five experts weigh in on bank earnings TradingNation
Financials stocks came under pressure Monday after declining revenue from Citigroup and Goldman Sachs soured the positive earnings news out from J.P. Morgan last week.Chris Verrone, head of technical analysis at Strategas Research, said a steep decline last year should give some of these names a pop.
Jeffrey Harte, principal at Sandler O'Neill, said it's best to bet on the largest of the financials and sees one winner among them. Jim Cramer, host of CNBC's"Mad Money," said it was an uneven quarter with some bright spots that should continue. Stephen Weiss, founder and managing partner at Short Hills Capital, said regulatory headwinds from Washington might linger.
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