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How to trade JPMorgan's mixed earnings

Despite a mixed earnings report for JPMorgan Chase, "Fast Money" traders believe its shares look enticing.

The largest U.S. bank's stock fell after it posted third-quarter revenue that slid from the previous year; it also warned that sluggishness in its trading unit could continue. Profit rose to $1.68 per share including a one-time $2.2 billion tax benefit and other items, but was $1.32 a share after adjustments.

The stock fell nearly 2 percent in extended trading, lingering above $60 per share.

"I love the stock down here at these levels," said trader Pete Najarian.

A man walks by One Chase Plaza in lower Manhattan
Getty Images
A man walks by One Chase Plaza in lower Manhattan

He pointed to strength in core loans, which increased 15 percent in the quarter from the year before.

Read MoreJPMorgan earnings boosted by big one-time tax benefit

Trader Tim Seymour added that weakness in JPMorgan's trading segment will be seen in all the big banks.

"These numbers are fine," he said.

Trader Steve Grasso added that the stock looks enticing. He also projected upside for Bank of America, which he owns.

Disclosures:

Tim Seymour

Tim Seymour is long AAPL, BAC, CLF, DIS, F, FCX, GE, GM, GOOGL, INTC, JPM, KO, LGF, T, TWTR, Tim's firm is long BABA, BIDU, MCD, NKE, NOK, SBUX, YHOO.

Pete Najarian

Long AAPL, AMAT, BAC, BMY, BP, CSX, DIS, DISCA, DKS, FOXA, GE, KKR, KO, MRK, PEP, PFE, PHM he is long calls ABX, AGN, BAC, BEE, DAL, ETFC, F, FL, GPRO, JOY, JPM, LM, LUK, MAS, MPEL, PBR, SWFT, UAL, VALE, VZ, ZIOP, he is long puts DISH, EWW, FCX, MRO, TNK, TSLA, X

Steve Grasso

Steve is Long AAPL, BA, BAC, CC, DD, DIS, DECK, EVGN, FIT, KBH, MJNA, MU, OLN, PFE, PHM, T, TWTR, GDX firm is long BP, COP, CVX, FCX, NE, NEM, OXY, RIG, AMZN kids own EFA, EFG, EWJ, IJR, SPY

David Seaburg

Opinions expressed by David Seaburg are solely his own and do not reflect the views and opinions of Cowen Group, Inc