Financials may be the worst-performing sector year-to-date, but J.P. Morgan thinks the end might be in sight for United States-based banks. Today the firm upgraded Goldman Sachs and Morgan Stanley to a "buy" based on their excellent capital positions.
The European banks, however, are a different story. While J.P. Morgan does not think there is a liquidity crisis, the bank did downgrade Credit Suisse to "neutral." Today on the "Halftime Report" the experts discussed these calls, as well as the financial sector more broadly.