Bank stocks rallied for the second successive day Wednesday, suggesting they may be righting themselves after a bad stumble out of the starting gate this year.

"Concerns about Asia are still alive and well," said industry analyst Michael L. Mayo of Credit Suisse First Boston. "However, a growing number of investors are beginning to believe that these concerns are already reflected in stock prices."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.