Bank of America adjusted its third-quarter results on Thursday to a loss of 4 cents per share, compared to a loss of 1 cent before the adjustment.
On CNBC's "Fast Money," Private Advisor Group's Guy Adami said that the best bank stock was elsewhere.
"All the negative headlines for everybody else, to me, should ... continue to point you in the direction of Morgan Stanley," he said.
Tim Seymour of Triogem Asset Management said that he was looking at the technicals in the stock, which closed at $17.36 per share before the quarterly earnings report.
"This stock's been running up against this level. It's been having trouble breaking through," he said. "And that is a bigger issue to me than this accounting news."
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