Bank stocks declined today due to uncertainty surrounding the government’s plan to help the industry. The KBW Banking Index fell 5.15% and the KBW Regional Banking Index fell 2.45%. However, the broader S&P 500 Index was up 1.58%.

The Bank Index was led by M&I, SunTrust, and Fifth Third Bancorp, which were down 17.76%, 16.15%, and 14.35%, respectively. The best performers of the day were State Street Corporation and People’s United Bank, which had gains of 2.85% and 0.30%.

Leading the Regional Banking Index lower were Colonial Bancgroup, Frontier Financial Corporation, and Webster Financial Corporation, which were down 16.22%, 13.29%, and 11.60%, respectively. The best performers of the day were Sterling Financial Corporation, South Financial Group, and Central Pacific Financial Corp., which had gains of 13.73%, 5.17%, and 3.11%.