These regional banks are at risk of being booted from the S&P 500
Publishing timestamp: 2023-10-11 13:22:38
Summary
3) The article discusses how the stock sell-off in regional banks has put Zions and Comerica at risk of being delisted from the S&P 500 index. These banks have relatively small market capitalizations compared to other companies in the index. The article also mentions previous changes in the composition of the S&P 500 due to the regional banking crisis and the potential for more changes if the industry continues to struggle. It explains the criteria for inclusion in the S&P 500 and the potential impact on stock prices for companies that are added or removed from the index. The article concludes by mentioning other banks that have market caps below the inclusion threshold and speculates on potential future changes to the index.
Sentiment: NEUTRAL
Tickers: CFG, KRE, BX, KKR, APO, CMA, KEY, NWL, ZION, LNC, JPM,
Keywords: breaking news: investing, business news, citizens financial group inc, newell brands inc, jpmorgan drn, apollo global management inc, breakingnewsglobal, breaking news: markets, lincoln national corp, spdr s&p regional banking etf, kkr & co inc, blackstone inc, comerica inc, investment strategy, banks, keycorp, zions bancorporation na,
Source: https://www.cnbc.com/2023/10/11/zions-comerica-at-risk-of-being-booted-from-sp-500.html