Joe Terranova Likes JPM, WFC

CNBC's Fast Money Joe Terranova would buy big banks like J.P. Morgan (NYSE: JPM) and Wells Fargo (NYSE: WFC) because these banks are going to survive the crisis and they started to show the signs of normalization of their earnings. Joe Terranova added that he agrees with Goldman Sachs analysis that 2Q earnings were not a coincidence for big banks.

J.P. Morgan (JPM) was more than 3.5% up on Monday, while Wells Fargo(WFC) jumped more than 6%.