JPM, WFC: Big Banks Cause Big Earnings

JPMorgan (JPM) and Wells Fargo (WFC) have the best chance to deliver higher earnings than a year ago, notes Ken Leon. He previews bank earnings. He talks about how consumer loan and credit card activity will get lots of attention for gauging the health of the economy. He goes over what to expect when banks begin reporting earnings, as well as risk factors to consider for the financials sectors. He mentions that CFRA has a strong buy rating for Goldman Sachs (GS) and Morgan Stanley (MS). He then goes over risk factors to consider for the financials sector. He highlights how last month's banking system issues will factor into earnings. Tune in to find out more about the stock market today.