Hawken estimates that Citigroup will earn $5.00 a share this year, with earnings increasing to $5.75 a share in 2014.

JPMorgan Chase's stock rose nearly 1% to close at $50.48, trading for 1.3 times tangible book value, according to Thomson Reuters Bank Insight, and for 8.7 times the consensus 2014 EPS estimate of $5.81. Penala's price target for JPMorgan is $55.00, based on a multiple of 1.3 times estimated tangible book value at the end of this year, and a multiple of nine times her "blended" earnings estimates for 2013 and 2014.

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Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for TheStreet.com Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.

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