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Joe Terranova Is Bullish On JPM

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Joe Terranova Is Bullish On JPM

CNBC Fast Money's Joe Terranova is long JPMorgan (NYSE: JPM) into earnings. He expects this stock to spike after earnings report. JPM closed today 0.99% up at $44.69.

Karen Finerman expects JPMorgan earnings to lift Bank of America (NYSE: BAC) share price. She bought Bank of America (BAC) on Thursday and added to her existing position. BAC closed at $16.82 with an increase of 1.20%.

Pete Najarian is watching Goldman Sachs (NYSE: GS) and thinks that it will be a very concerning sign if it falls below $165. Goldman (GS) closed at $168.53. He is also interested in Wells Fargo (NYSE: WFC) because of its impressive recent performance. It closed today at $28.99.

Guy Adami is looking into a shorting opportunity in Wells Fargo (WFC), if it hits $30 he is selling short. Adami had an interesting comment on JPM earnings. He reminded his colleagues that Meredith Whitney's estimate on JPM's earnings report is much lower than the rest of the Wall Street. Adami added that she has been right so far and if she is right this time, JPMorgan (JPM) is not such a cheap stock.

 

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Posted-In: CNBC Guy Adami Joe Terranova Karen FinermanLong Ideas Short Ideas Media Trading Ideas