Bank of America (NYSE: BAC) leads the financial sector higher after lagging for almost 8 months. The banking sector has taken hit after hot and entered oversold territory long ago. All of the negative news surrounding housing, credit cards, wiki leaks and more has finally come to a stand still as investors pour their money back into America's top banks with highest earnings potential in the new year. Bank of America led the pack rising 2.54%, JP Morgan (NYSE: JPM) followed suit, up 2.44%, Wells Fargo (NYSE: WFC) was up 1.17%, US Bancorp rose 1.24%, and PNC Financial jumped 0.78%.
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