bank earnings and a look ahead to next week is fred cannon, director of bank research at the firm keefe gill let and woods. fred let's start with jp morgan. it's been going through a tough time. it had all those legal problems, settlements, writeoffs. as you look ahead to 2014, are things going to be better? and what does it mean for the bank and the stock? >> look, i think on jp morgan things are going to get a little bit better. but it's still a tough road for them ahead. i think we have to look at the results today and say yes, they beat but remember after the third quarter earnings estimates have come down for the company. so i think it was a solid quarter. i think overall, though, revenue environment for these big banks is still pretty challenging. >> but you are recommending jp morgan. it is one of the stocks on your buy list. if someone puts in fresh money at $57 a share how will they do this year? >> just fine. we don't think it's necessarily the biggest grower in terms of stock price across our universe but it should be solid. what's happening is that the dark cloud that's been over