Although March's disappointing job numbers seemed to pressure the Dow Jones Industrial Average
Based on the S&P Capital IQ survey, analysts are estimating that first-quarter earnings will be up only 1% when compared to the same period last year, taking into account all of the companies in the S&P 500
Keep your eyes on the prize
JPMorgan and Wells Fargo aren't the only banks that have surged in recent months. Bank of America is up about 60% since the beginning of the year, and the financial sector still looks undervalued to many experts. Even Warren Buffett expressed bullishness on banks in his recent shareholder letter. Unfortunately for him, many of these banks are too small for him to invest in, but this presents an ideal buying opportunity for the individual investor. Get a good look at some of these smaller banks that are still selling for a great value these days in the Fool's new special free report: "The Stocks Only the Smartest Investors Are Buying." You can get your free copy by clicking right here.
Fool contributor Jeremy Bowman holds no positions in the companies in this article. The Motley Fool owns shares of Bank of America, Wells Fargo, and JPMorgan Chase. The Fool has also created a covered strangle position in Wells Fargo. Motley Fool newsletter services have recommended buying shares of Wells Fargo. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.