I don’t think the last decline was final bottom of the financials, but let put this into prospective.

If any talking head on TV will try to fool you into the stock market because financials are doing fine, just look at this chart:

When financials bottom

During the last recession, financials actually bottomed in Spring of 2000, just before the stock market topped and about a year before the recession of 2001 started. During the 40% smackdown of the S&P 500 the financial sector was a place to be.

The performance of the financials doesn’t mean the bear market is over – just the opposite. Don’t get fooled again!