Stocks rallied today on optimism surrounding the government’s plan to shore up banks. The KBW Banking Index rose 1.80% and the KBW Regional Banking Index rose 2.15%. The broader S&P 500 Index was up 1.64%.

The Bank Index was led by Huntington Bancshares Incorporated, State Street Corporation, and Regions Financial Corporation, which were up 24.31%, 14.13%, and 13.20%, respectively. Lagging on the day were BB&T Corporation, Wells Fargo, and Synovus Financial, which had losses of 6.94%, 6.76%, and 2.69%.

Leading the Regional Banking Index were Webster Financial Corporation, Umpqua Holdings Corporation, and East West Bancorp, which were up 13.08%, 8.04%, and 5.27%, respectively. Offsetting these were Frontier Financial Corporation, Sterling Financial Corporation, and Citizens Republic Bancorp, which had losses of 10.37%, 6.78%, and 4.50%.