Bank of America has had a reversal of fortune based on signs that the U.S. economy is re-gaining strength. Bank of America dropped 58% last year on concern over rising mortgage risks and the uncertainty over the European debt crisis, reports Hug Son for Bloomberg. [Can Financial ETFs Take Out 2011 High?]

Other top-performing financial ETFs:

  • PowerShares KBW Bank Portfolio (NYSEArca: KBWB)
  • Market Vectors Bank and Brokerage ETF (NYSEArca: RKH)
  • RevenueShares Financial (NYSEArca: RWW)
  • iShares Dow Jones US Financial Services Fund (NYSEArca: IYG)

PowerShares KBW Bank Portfolio

Tisha Guerrero contributed to this article.