Fast Money Traders Share Their Picks In Banking Sector

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On CNBC's "Fast Money", Pete Najarian said that banks are going to trade higher. He noticed a big options volume in Financial Select Sector SPDR Fund XLF, Bank of America Corp BAC, Citigroup Inc C and Goldman Sachs Group Inc GS.

He explained that interest rates aren't working in favor of the banks at the moment, but they're still performing well. If interest rates start working in favor of the banks, they're going to perform even better, added Najarian.

Guy Adami likes XLF and Goldman Sachs. He thinks that the banks are going to trade at 1.8 times price to tangible book and for Goldman Sachs that means a price of $304.

Karen Finerman believes that Citigroup and Bank of America are going to perform well.

Posted In: CNBCFast MoneyMediaTrading IdeasGuy AdamiKaren FinermanPete Najarian
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