The second round of the "Fast Money Madness" continued Monday with match-ups between big-name financials, fifth-seeded Morgan Stanley faced No. 4 JPMorgan. Also, seventh-seeded Citigroup went up against No. 2 Goldman Sachs.
No. 5 Morgan Stanley vs. No. 4 JPMorgan
StockMonster's Guy Adami backed JPMorgan.
"I'm going to give you JPM because I think if Europe is an issue, I think both get hurt," he said. "I think Morgan Stanley will get hurt more. We've seen it before."
Simon Baker of Baker Avenue Asset Management ran for the opposite end zone.
"I think Morgan Stanley gets punished unfairly because of this European thing, which is why it's trading at 60 percent of a discount to fair value, so in terms of valuation between those two, I'd go with Morgan Stanley," he said.
Brian Kelly of Shelter Harbor Capital picked Morgan Stanley on his speculation about JPMorgan's CEO Jamie Dimon.
"I do like Morgan Stanley a little bit lower, probably closer to 20, but I think in JPMorgan there is a non-trivial risk that Jamie Dimon is not there" sometime in the future, he said.
OptionMonster's Pete Najarian saw more upside in Morgan Stanley.
"I think JPMorgan's got upside but not as much upside as Morgan Stanley," he said. "I think they take them out here."
Twitter followers of "Fast Money" voted for JPMorgan, but it was not enough to propel it forward.
Morgan Stanley advanced to the next round.