City National Rochdale's Tom Galvin on CNBC

City National Rochdale’s CIO sees an avenue for growth in earnings, although less dramatic than in Q2.

City National Rochdale chief investment officer Tom Galvin was a guest on CNBC's "Squawk on the Street" program, where he discussed his outlook for a potential 5-10% market correction, which he would view as a buying opportunity. He also expressed optimism for earnings in the second half of the year.

“I don’t think we’re going to see the explosion in earnings that we saw in Q2,” said Galvin. “I think they’ll be slowing in the pace of growth, but still growing.”