Wall Street's biggest financials may post better results than expected this earnings season, as banks like JPMorgan Chase attempt to ramp up loans sales in the face of ultra-low interest rates, a well-known analyst told CNBC.
JPMorgan was among the first major banks to post second-quarter results, reporting earnings on Thursday that easily beat expectations.
"I think what JPMorgan did was change its strategy this year from what it had been over the last couple of years, in that it started pushing the sale of loans much more aggressively and that showed up in their earnings and I think that you might see the same thing with other banks," Dick Bove of Rafferty Capital Markets said on Friday.
JPMorgan reported quarterly earnings of $1.55 per share on Thursday, versus a consensus estimate of $1.43. Average core loans were up 16 percent year-on-year.