and let's bring in geoff hart principal at sandler o'neill. he joins us on the "fast" line.forecasting that jp morgan would be more money bags on earnings. and now we have the cfo lake saying the investment is high high even though we're only two weeks into the quarter, who do you make of the report. >> we talked about sales and revenue expectations being too high. and the interesting thing is they don't know what sales or trading will be next month any better than we do. the way the quarter is rolled out she's talking down trading expectations but let's take that with a grain of salt being two weeks in. net, i think there were good numbers. revenues were in line with our expectations. expenses were a little bit higher excluding the litigation reserve bill. but they are still making kind of progress going forward. and on a credit side outside of energy things still seem to be going well and they are growing loans, which is a good thing. and it is a unique thing in the consumer business. >> does it spook you they are only willing to say they have modest exposure to glenn core

geoff hart of sandler o'neill. >> always fun. >> four money bags for jp morgan and 2.5 for the money bags and 1 for bank of america. do you agree with those. >> when i have jp morgan and citi. and what keeps me up at night is there credit exposure out there that we haven't seen yet that is going to surface. >> energy or mining. >> with a glenn core out there. >> i think macro is weighing on sector but it is clearly about where you'll see higher provisions against the energy sector. and with the degradation of something already in the price, the time as a trader is important. i think citi and bank of america, you have to go back to .9 and 1 long for them. >> you are long on them. >>> and ferrari stock price could be absurd when it goes public. or maybe not. tim seymour takes a spin. oil, gold have been on a terror but one could fall. we'll reveal which one after the break. much more "fast money" straight ahead. >>> welcome back to show show. the dow trading tight today, ending up 47 points. rounding out the first seven day winning streak of the year. and the s&p and nasdaq closing in