What big bank earnings reveal about the health of U.S. financial system

JPMorgan Chase and Wells Fargo both reported quarterly reports that topped analyst estimates, while Citigroup was hit by a dealmaking drought. Crossmark Global Investments Chief Market Strategist Victoria Fernandez says banks so far are "off to a pretty decent start for this quarter." Hennessy Large Cap Financial Fund Manager David Ellison agrees, saying the banks benefitted not just from the rush to safety following the banking crisis, but also from higher rates. Both Fernandez and Ellison joined Yahoo Finance Live to discuss the results and they reveal about the health of the U.S. financial system.