Guy Adami, managing partner at Drakon Capital, likes USB, which is currently flirting with its 52-week high. When it reports before the bell Wednesday, Adami doesn't think it will "expode," but will continue to move to the upside.
Meanwhile, JPMorgan Chase shares surged Friday after the financial institution reported a 47 percent jump in profits, which beat both earnings and revenues estimates.
"This is the first quarter that all their business lines had strong revenue growth, so we think in 2011 will shift from credit improvement to revenue growth and JPMorgan is leading the way," said Cassidy.
The beat is a nice catalyst for JPM, but Cassidy said others will follow. When the federal government reports which banks can increase their dividends, Cassidy expects JPM to top the list. He thinks JPM will increase its dividend to $1 from 20 cents a share.
Cassidy said now is the time to buy JPM.
Karen Finerman, president at Metropolitan Capital Advisors, has been closely watching JPM. Finerman noted it's had a "noisy" quarter with both positive and negative news, but is pleased with its credit improvement. Going forward, she would like to see more loan growth and wants to know how it will make up for revenue lost from financial regulatory reform. She is also hoping JPMorgan will pay a dividend later this year.
Finerman said she did buy a few banks on the heels of JPM's earnings beat, including Citigroup and Bank of America. Five dollars could be the new floor for Citi, she said, as some of the credit card issues it's faced are improving.
Speaking of BAC, EmergingMoney.com's Tim Seymour expects it to make a run on investment banking. He loves its chart and is a buyer at current levels.
NEXT WEEK'S NOTABLE EARNINGS
Several blue chip companies will report earnings next week: