Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street. Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kintanair with David Faber, Sarah Eisen, at post-9 of the New York Stock Exchange. Kramer has the morning off. Stocks do look to add to Wednesday's gains. The best day since just after the election, even with some weakness on the Dow, thanks to UNH. Bulls getting some help from semis, financials, some steady bond yields in the wake of solid economic data.

Our roadmap begins with banks looking to build on the rally yesterday.

B of A and Morgan Stanley both with some quarterly beats.

Also on the earnings front, shares of the United Health Group are moving lower.

This after the medical loss ratio at the company

was higher than hadn't been anticipated by many analysts.

It is the company's first quarterly report since the CEO of its United Healthcare Unit

was murdered.

Plus the Trump transition.

Scott Bessent, the President-elect's pick for Treasury Secretary, goes to Capitol

Hill for his confirmation hearing.

We will bring it to you live.

Let's get right to the markets and these bank results following that massive rally yesterday.

David, everybody goes right to the increase in investment banking fees, 46% yesterday at JPM, but today, 44 at B of A.

Yeah, not bad at B of A.

Although you're seeing a more muted response, at least obviously we haven't started trading yet,

in the shares of both B of A and Morgan Stanley in terms of the least response.

But yesterday, as you guys well know, was a very strong day, given strong numbers from many of the banks, and obviously

a tamer than expected sort of report on inflation there that helped the market overall.

But you can see they did top estimates.

And listen, there's a lot of optimism as this year begins, Sarah, in terms of M&A, IPOs, capital markets overall.

There just, there is.

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