Independent analyst Mike Mayo told CNBC that the big banks may potentially turn in double digit growth in quarterly earnings, thanks to the "Trump bump" that benefited financial markets.
"The 'Trump bump' has materialized to some degree in the financial markets and you should see that in the bank earnings. You'll see better debt underwriting, better fixed income activity, you'll see the largest banks show double digit earnings growth on double digit growth in capital markets," Mayo said Thursday on CNBC's "Squawk Box".
Of the three banks scheduled to report earnings on Thursday, JPMorgan appears most attractive, said Dennis Davitt, options strategist at Harvest Volatility Management. The options market is pricing the "downside insurance" in the stock very low, Davitt said. In other words, investors are not anticipating a big move lower in the stock.
And by the same measurement, Davitt said Citigroup looks least attractive and would be particularly cautious about the stock at this juncture.
"Citigroup options are trading at a higher volatility; people are asking more money to sell you insurance on Citigroup," Davitt said Tuesday on CNBC's "Trading Nation."