Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Pullback in Financials May be eminent

|Includes:GS, JPMorgan Chase & Co. (JPM), MS

Financial have jumped 43% this quarter. Many investors say they are still long financial such as JP Morgan (NYSE:JPM), Morgan Stanley (NYSE:MS) and Goldman Sachs (NYSE:GS). Richard Bove, of Rochdale Securities stated, “ The key is to stick with the capital market story and stay away from regional banks.” Analysts like Bove are not worried about the recent sell off in financials and that the bulls are simply cashing in some profits from one of the best quarters in the past 15 years.

Stocks: JPM, MS, GS