Cheryl Pate breaks down bank earnings, pointing to strong net interest income and credit trends despite softer fixed-income trading at JPMorgan Chase (JPM) and Goldman Sachs (GS). She sees AI financing as a long-term tailwind for capital markets and believes concerns about AI disrupting bank deposits are overblown. Pate also discusses Citigroup (C) improving credit card trends, interest rate risks and why the recent pullback could be an attractive entry point for bank stocks.