Thursday is shaping up as a momentous day for banking stocks.

The American Banker 225 Index, which measures the market performance of the largest 225 U.S. banking companies, was up over 10% at midday -- it's largest one-day advance.

The banking rally is part of an overall surge in the Dow, which was up more than 400 points at midday.

Date
  % Increase
AB Index
3/16/2000 10.57% (midday)
3/15/2000 8.66
9/8/1998 8.51
10/15/1998 8.02
9/11/1998 7.33
Source: American Banker, ILX

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