Fast Money Traders Share Their Banking Sector Picks Ahead Of Earnings

David Seaburg spoke on CNBC's Fast Money about stocks that he would buy in the banking sector. Banks are going to report earnings this week and Seaburg thinks that earnings don't matter much because traders are focused on the interest rates increase. He added that the bar is set very low for the earnings and there could be some positive surprises.

Seaburg would own JPMorgan Chase & Co. JPM, Citigroup Inc C and Bank of America Corp BAC in the space.

Related Link: Big Banks To Kick Off New Earnings Season With Mixed Results?

Pete Najarian said that he wants to own Goldman Sachs Group Inc GS, JPMorgan and Bank of America. He explained that it looks that money doesn't want to flow out of these names lately as they are showing some relative strength.

Dan Nathan is bearish on Financial Select Sector SPDR Fund XLF. He explained that the interest rate hike theme should not help the sector, because last October we had the same speculation about interest rates increase and the sector was trading at higher levels back. Treasury yield was also higher.

Guy Adami thinks that U.S. Bancorp USB deserves to trade with a premium and he wants to buy the stock.