Argentine Cardinal Jorge Mario Bergoglio was named Pope Francis Wednesday, making him the 266th Bishop of Rome, the first Jesuit leader of the Catholic Church and the first pontiff from the Americas. Vivian Lee has the story.

VATICAN CITY -- Cheers went up from the thongs in St. Peter's Square when, just after 7 p.m. Rome time on Wednesday, unmistakeably white smoke billowed from the Sistine Chapel and bells tolled at St Peter's Basilica.

The announcement came on the second day, and apparently after the fifth vote, of the conclave.

The crowd had to wait another hour after the smoke rose and bells rang to hear the traditional Latin proclamation of, "Habemus Papem," or, "we have a new pope."

There was confusion when the name was actually said -- it was difficult for many to hear and understand. But when the dust cleared, the name turned out to be an unexpected one.

"It was a real surprise," one woman said.

Cardinal Jorge Mario Bergoglio, 76, an ethnic Italian and cardinal of Buenos Aires, finally introduced himself to the world as Pope Francis.

"You know that I was in the conclave, it was to give a bishop of Rome," Pope Francis said according to a translator. "It seems that my brother cardinals went to choose him from the end of the world, but we are here."

"I thank you for the hospitality for greeting me," he continued. "Let us begin this journey. Bishop together with people. This is the journey of the Bishop of Rome that is ahead of all the churches."

With the first South American ever elected pope, 1.2 billion Catholics now have a new Holy Father and supreme pontiff.