Trouble Brewing With Banks, Again?

Financial shares closed mixed on Wednesday with investors nervous about what lies ahead. Goldman , JPMorgan and Citigroup are all scheduled to report earnings next week.

Jitters resurfaced in a big way after the IMF forecast toxic debt racked up by banks could spiral to as much as $4 trillion.

Meanwhile, the SEC just introduced five proposals to curb short-selling, including a modified version of the up-tick rule.

What should you be watching?

Many of you might have Goldman on your radar. According to Sanford Bernstein analyst Brad Hintz there’s speculation that Goldman is going to knock the cover off the ball, however he tells the desk he’s “a little skeptical.”

“I’d be careful of Goldman as well,” echoes Jon Najarian.

What's the trade?

We have an outperform on Morgan Stanley, says Hintz.

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Trader disclosure: On Apr 8th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (WFC), (AAPL), (WMT), (SDS), (GS), (GE) ; Seymour Owns (AAPL), (BAC), (BX), (EEM), (FCX), (FXI), (RIO) ; Karabell Owns (AAPL), (CSCO), (FCX), (FXI), (GOOG), (GLD), (JPM), (NOK); Najarian Owns (APPL), (BAC), (C), (TCK), (NTAP), (CPN); Najarian Owns (AXP) Calls, (BIIB) Calls, (HUM) Calls, (JPM) Calls, Najarian Owns (V) Calls