Buy any ‘sell-the-news reactions’ in the banks after earnings, market analyst says

Buy any ‘sell-the-news reactions’ in the banks after earnings, market analyst says

The big banks kick off the latest earnings season with JPMorgan, Citigroup and Wells Fargo out with reports on Friday, just a sampling before next week's rush.Those companies head into earnings in good standing. The KBE bank ETF is higher in the early innings of the year with rates on the rise. The U.S. 10-year yield earlier this week hit a peak not seen since March. Banks are typically more profitable in a higher rate environment and when the spread between short-term and long-term yields is wider.Quint Tatro, president of Joule Financial, is bullish on the banks and said the recent rally is tied to rising rates and the Federal Reserve allowing the group to resume share buybacks. However, while optimistic for the long term, he believes the rally may have run too far, too fast."The reality is they probably got a little ahead of themselves and I think that we might see some sell-the-news reactions during earnings season here, but when that happens, I think buyers can be at the ready to buy the weakness if we get it," Tatro told CNBC's "Trading Nation" on Wednesday.Tatro highlights JPMorgan and Goldman Sachs as two standout picks. JPMorgan has risen 12%