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Bank Stocks to Continue Rally in Financials: Pros

Friday, 28 Sep 2012 | 1:44 PM ET

After a year-to-date gain of 20 percent, financial stocks still have room to run, the CNBC’s “Fast Money” pros said Friday.

Rosecliff Capital’s Mike Murphy said that while he liked the banks overall, Wells Fargo was his favorite because of its mortgage exposure.

“Wells Fargo is a core holding you can hold on to long-term,” he said.

(Read More: BlackRock CIO: Stocks to Grow 10 Percent in 2013)

Drakon Capital’s Guy Adami’s top pick was USBancorp .

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“Slow and steady wins the race. USB still works,” he said. “I think the selloff in Blackstone, which was recently over $15, is an opportunity.”

Jon Najarian of OptionMonster.com noted that while Goldman Sachs was up 22 percent for the year and Citigroup gained 24 percent, one name had yet to catch up.

“JPMorgan was the laggard here, so that’s the one I’d be looking at going into Q4,” he said.

OptionMonster.com’s Pete Najarian said that he also liked JPMorgan as well as Citigroup.

“I think you can go well either way,” he said. “JPMorgan gives you more dividend yield right now.”

Trader disclosure: On Sept. 28, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s “Fast Money” were owned by the “Fast Money” traders: Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Mike Murphy is out APLE; Mike Murphy is long WFC; Mike Murphy is long TGT; Mike Murphy is long LEN; Mike Murphy is short GPS; Jon Najarian is long call spreads in AAPL; Jon Najarian is long call spreads in JPM; Jon Najarian is long call spreads in SBUX; Jon Najarian is long call spreads in FB; Jon Najarian is long call spreads in AMZN; Jon Najarian is long call spreads in GOOG; Jon Najarian is long call spreads in CAN; Jon Najarian is long call spreads in TJX; Jon Najarian is long GLUU; Jon Najarian is long STSI; Jon Najarian is long CME; Jon Najarian is long CBOE; Pete Najarian is long AAPL; Pete Najarian is long C; Pete Najarian is long JPM CALLS; Pete Najarian is long INTC; Pete Najarian is long SBUX; Pete Najarian is long FB; Pete Najarian is long MSFT.

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