Stocks soared today after Citigroup announced that it had operated at a profit for the first two months of the year. The KBW Banking Index rose 15.56% and the KBW Regional Banking Index rose 13.63%. The broader S&P 500 Index was up 6.37%.

The Bank Index was led by Citigroup, Bank of America, and PNC Financial Services Group, which were up 38.10%, 27.73%, and 25.30%, respectively. Leading the Regional Banking Index were Sterling Financial Corporation, UCBH Holdings, and Webster Financial Corporation, which were up 39.64%, 32.38%, and 27.62%, respectively.

All components of both the KBW Bank Index and the KBW Regional Banking Index had gains on the day.