Fast Money Traders Share Their Picks In Financial Sector

On CNBC's "Fast Money", traders spoke about stocks in the financial sector that should be bought ahead the stress test next week.

Tim Seymour thinks that Citigroup Inc C and Bank of America Corp BAC should be bought.

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Steve Grasso believes the Financial Select Sector SPDR Fund XLF is a buy. He thinks the banks could increase buyback or dividend after the stress test.

Guy Adami likes Citigroup because of its low price to tangible book ratio. He explained that it's currently at 0.85 and he thinks it should be at 1.3, which would price the stock at $74.

Pete Najarian noticed unusually high options volume in Citigroup, Financial SPDR Fund and Bank of America. He thinks that they are going to trade higher.