There's still a bit of nervousness about the subprime meltdown and the earnings of top commercial banks. We gleaned some insights from the earnings of Citigroup, which beat estimates, and will do likewise when JPMorgan Chase and Bank of America report later. Financial services firm really paced the market last year, but were laggards compared to the top investment banks. Still, most analysts are expecting solid results. Of course any hint that the subprime effect is greater than estimated could lead to some market anguish. So far, that hasn't materialized. Most assume that the mortgage fallout has been contained. The hope is that investment banking activity will continue to boost earnings, hopefully offsetting any weakness in other areas. We'll see. All of the big ones have seen some minor sell offs this year. 

For more:
- here's a MarketWatch article
- Wachovia's earnings beat estimates. Article