Top banking analyst Mike Mayo of CLSA said on CNBC's "Fast Money Halftime Report" that he doesn't think that banks have significant exposure to the problems in energy.
"Non-banks have originated only a quarter of [large oil-and-gas loans], but have two-thirds of the criticized assets," Mayo said. "The problems in oil and gas are outside of the banking industry. In this case, don't blame the banks."
Given JPMorgan's performance after an upbeat earnings report, investors are looking ahead to earnings reports from other major banks. Mayo is bullish on the banks and says that people should look to them as "pillars of strength" or "safe-havens in the current environment."
"The banks have enough resiliency to absorb a whole 'nother housing crisis — which we don't think is going to happen — and still have more capital than before the last downturn," Mayo adds.
DISCLOSURE: Mayo receives, or has received, compensation for non-investment services to JPMorgan.