Bank of America's stock again was the top performer in the Dow Jones Industrial Average on Wednesday, gaining nearly 4 percent on a relatively sluggish day for the market.
The Charlotte-based bank has now seen its stock rise 23.5 percent so far this year. It closed Wednesday at $6.87.
The Dow was down slightly Wednesday, closing 13 points lower at 12,449.
Bank of America's stock was the worst performer in the Dow last year, falling 58 percent amid ongoing mortgage liability concerns and several hits to the company's image. Interestingly, Netflix -- which saw its stock fall about 60 percent amid financial troubles and a controversial decision to split its business that backfired -- has been the top performer in the S&P 500 this year, up about 33 percent.
Analysts have long been bullish about bank stocks, citing "cheap" price to earnings ratios and improving underlying fundamentals. But the financial sector saw steep drops last year as European worries troubled investors.
Financials overall have performed well so far this year, heading into fourth quarter earnings season which begins later this week.