Bank stocks rose Tuesday as investors snatched up bargains from Monday's huge selloff.

The KBW Bank Index rose 8.13% after sinking 15.35% the day before. Banking stocks fell early Tuesday after a spate of companies reported first-quarter results, some below expectations. However, the sector recovered before midday to register a healthy gain.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.