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'Fast Money' Recap: Bernanke Delights Markets

Is QE 2 good for banks? Frederick Cannon, director of research for Keefe, Bruyette & Woods, said the low yield curve environment and weak loan demand have been rough on banks.

Cannon said the banks don't earn much on low rates and the lack of loan demand makes it tough for them to create capital and dividends for their shareholders.

He said he expects consolidation to occur, with the big banks buying non-banks such as asset manager to boost income. His takeout candidate list included Regions Financial (RF), CSE Capital (CSE), Synovus Financial (SNV), Western Alliance Bancorp (WAL) and Boston Private Financial Holdings (BPFH).

In a quick, 360-degree analysis of Microsoft (MSFT) ahead of its earnings, three experts were buyers of the stock.

Colin Gillis, BGC financial analyst, said he was a buyer, adding reports of the death of PCs have been overstated as Intel's (INTC) results have shown. Oppenheimer chartist Carter Worth predicted Microsoft stock will get the same kind of pop other large-cap tech stocks. Options trader Scott Nations said options traders of Microsoft were bullish on the stock.

The reaction of the panel was a lot less bullish. Karabell said facetiously that he would be interested in the stock only if he "were 20 years older and wanted to be in the market and didn't want my stock to move much." Finerman, who's long the stock, didn't think a good earnings report will move the stock.

In the final trades, Seymour said he liked Turkcell (TKC). Kelly liked T Rowe Price (TROW). Finerman again favored Corning (GLW). And Steve Grasso liked Ford (F).

--Written by David Tong in San Francisco.

To contact the writer of this article, click here: David Tong.

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