Amid bullish comments by analyst Meredith Whitney about the financial sector's quarterly performance, U.S. stocks rallied more than two percent Monday. The Dow industrials and the S&P 500 both had their best gains since June 1. Whitney deemed Goldman a "buy" and correctly predicted strong profits from the company.

Whitney told CNBC that bank shares were in for at least a short-term gain of 15 percent. She also predicted that Bank of America and JPMorgan Chase--which, like Goldman, are scheduled to report results this week--could do well in the second quarter. It's unlikely CIT will be so lucky.

Fred Dickson, a market strategist at Lake Oswego, Oregon-based D.A. Davidson told Reuters that the effects of the Goldman Sachs upgrade are short-term. "Basically, people are putting a little bit of money on the table ahead of...earnings this week,” he told the news site. He also suggested that the market was oversold, since the gains came after a four week decline for both the Dow and S&P 500.

For more:
- here's the Yahoo! Finance article

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