Goldman Sachs (GS) was a notable standout among the Big Banks that reported third quarter earnings on Tuesday — which also included Bank of America (BAC) and Citigroup (C). Goldman Sachs saw investment banking fees rise 20%, or $1.8 billion, from this time last year

To speak more on bank earnings, Market Domination welcomes CFRA Director of Equity Research Ken Leon. As financial institutions adjust to the new interest rate environment, Leon forecasts M&A underwriting transactions.

He found Citi's earnings performance to be "a little sluggish." CFRA has Citi at a Buy rating with a $73 per share price target.

"The intermediate of course, is a streamlined bank, one that's watching expenses. It's rid itself of consumer banks outside the US, and it has still a pretty significant institutional treasury service business," Leon tells Julie Hyman and Josh Lipton. "It wasn't good enough today, and I think part of this was the messaging from senior management that still talks about a multiyear transformation."

Leon also weighs in on Bank of America's net interest income and looks ahead to what to expect from Morgan Stanley (MS) when it reports earnings Wednesday morning.

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This post was written by Luke Carberry Mogan.