JPMorgan Stock a Value: Seymour

JPMorgan shares ahead of earnings offer significant value,'s Tim Seymour said Tuesday on CNBC.

For a clue into how the stock will perform when the banking giant reports quarterly earnings on Wednesday, Seymour looked to last week: "The Wells Fargo numbers gave a great read-through."

On "Fast Money," he also said that the mortgage business was "conservatively priced into people's expectations."

"In terms of the growth, the surprise is in the upside – not in the fourth-quarter numbers, but next year," he said, adding that anecdotal evidence from talking to contacts on Wall Street suggests that bank stocks probably bottomed in the third quarter.

"I think all the doom and gloom over capital markets has seen its worst," he added.

StockMonster's Guy Adami liked Goldman Sachs, recalling that he had said in December that "GS is something you probably should own into the earnings release." Since that call, the stock has rallied some $20.

"I don't know what's going to happen post-earnings," he said. "I think all bets are off after tomorrow.

"What I could see happening in GS specifically is a couple-dollars rally, then a late-day sell-off, and that marks the top of the short-term, at least in GS."

Trader disclosure: On Jan. 15, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Tim Seymour is long AAPL; Tim Seymour is long BAC; Tim Seymour is long CSCO; Tim Seymour is long SBUX; Karen Finerman is long AAPL; Karen Finerman is long BAC; Karen Finerman is long C; Karen Finerman is long JPM; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long MSFT; Karen Finerman is long GOOG; Karen Finerman is long M; Karen Finerman is short SPY; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Keith McCullough is long AAPL; Keith McCullough is long GDX; Keith McCullough is long GLD; Keith McCullough is long TLT;

For Stuart Jeffrey
I, Stuart Jeffrey, hereby certify (1) that the views expressed in this Research report accurately reflect my personal views about any or all of the subject securities or issuers referred to in this Research report, (2) no part of my compensation was, is or will be directly or indirectly related to the specific recommendations or views expressed in this Research report and (3) no part of my compensation is tied to any specific investment banking transactions performed by Nomura Securities International, Inc., Nomura International plc or any other Nomura Group company.

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