The increase in mortgage originations has also been a bright spot at a time when interest rates are near record lows. "There will be a long tail to this mortgage cycle and there are still mortgage losses to work through, as well as mortgage putback exposures," Goldberg cautioned. "It seems like Wells Fargo is a bit ahead of the game," while "Bank of America is still playing catch-up there."
As for JPMorgan Chase , which reports earnings Thursday, Goldberg said he already knows from investment banking chief Jes Staley that investment-banking fees will be down by about half and trading fees down 30 percent.
Goldberg still likes the stock, however, saying the "capital markets won't stay depressed forever." JPMorgan is still trading below book value and the company is "a name that is taking market share in the vast majority of businesses it plays in," he said.
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Disclosure information was not available for Jason Goldberg or his company.