Bank stocks declined sharply today, outpacing the rest of the market.  The KBW Banking Index fell 5.92% and the KBW Regional Banking Index fell 6.61%. The broader S&P 500 Index was down 1.52%.

The Bank Index was led by Huntington Bancshares Incorporated, Fifth Third Bancorp, and Citigroup, which were down 30.59%, 28.57%, and 15.26%, respectively. Leading the Regional Banking Index lower were First Midwest Bancorp, Fulton Financial Corporation, and Sterling Financial Corporation, which were down 30.79%, 17.60%, and 16.73%, respectively.