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%.
Bank stocks declined dramatically today, sending the market sharply lower. All 25 components of the KBW Banking Index declined, with 20 showing declines of over 10%. Ten of the index components were down at least 20% on the day.
Banking stocks again underperformed the market, as the KBW Banking Index fell 4.13% and the KBW Regional Banking Index fell 0.45%. The broader S&P 500 Index was up 0.76%.
Today was another brutal day for bank stocks, as news that Bank of America needs another cash infusion from the government rattled investors. The KBW Banking Index fell 8.04% and the KBW Regional Banking Index fell 2.04%. However, the S&P 500 Index was up 0.13%.
Today was another dismal day for stocks, as banks led the market lower. The KBW Banking Index fell 6.04% and the KBW Regional Banking Index fell 6.24%. The broader S&P 500 Index was down 3.35%.
Bank stocks increased today, as comments from Federal Reserve Chairman Ben Bernanke boosted investors’ hopes of increased efforts to stabilize banks. The KBW Banking Index rose 1.82% and the KBW Regional Banking Index rose 2.20%. The broader S&P 500 Index was up only 0.18%.
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