The "Fast Money" traders evaluated the bank stocks as their earnings reports drew closer.
Trader David Seaburg said that the quarterly results from the banks actually don't matter as much as a looming rate hike from the Federal Reserve. He said, if anything, the expectations for the sector are very low right now. Seaburg said he would rather hold onto the bank stocks right now and then take off profits when the Fed raises its benchmark federal funds rate.
Trader Dan Nathan said he's not certain the risk-reward "is really there" in the financials.
Trader Guy Adami thinks U.S. Bancorp is a more stable name in the sector that is still trading near its 52-week high of $44.58. The stock closed at $43.29 on Tuesday.