Bank stocks rebounded today, reversing much of yesterday’s severe sell-off.  The KBW Banking Index rose 14.56% and the KBW Regional Banking Index rose 7.52%. The broader S&P 500 Index was up 4.35%.

The Bank Index was led by PNC Financial Services Group, Citigroup, and Bank of America, which were up 37.09%, 31.07%, and 30.98%, respectively. Leading the Regional Banking Index were Colonial Bancgroup, Citizens Republic Bancorp, and Frontier Financial Corporation, which were up 31.03%, 18.03%, and 15.65%, respectively.