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KBW Announces Changes to the KBW Bank Index (BKX)

  //business-finance.news-articles.net/content/200 .. announces-changes-to-the-kbw-bank-index-bkx.html
  Published in Business and Finance on Monday, December 28th 2009 at 14:05 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Keefe, Bruyette & Woods, Inc., a full-service investment bank that specializes in the financial services sector, and a wholly owned subsidiary of KBW, Inc. (NYSE: KBW), today announces upcoming changes to the KBW Bank Index (Index Symbol: BKX^SM, ETF Symbol: KBE^SM).

Effective prior to the opening of business on Thursday, December 31, 2009, Citigroup Inc., (NYSE: C) and Wells Fargo & Company (NYSE: WFC), both members of BKX, will undergo an increase in shares to account for their recent equity offerings.

The KBW family of indices that has tradable exchange traded funds are: KBW Bank Index (Index Symbol: BKX^SM, ETF Symbol KBE^SM); KBW Capital Markets Index (Index Symbol: KSX^SM, ETF Symbol KCE^SM); KBW Insurance Index (Index Symbol: KIX^SM, ETF Symbol KIE^SM); KBW Mortgage Finance Index (Index Symbol: MFX^SM, ETF Symbol: KME^SM), and KBW Regional Banking Index (Index Symbol: KRX^SM, ETF Symbol: KRE^SM).

About KBW

KBW, Inc. is the parent of Keefe, Bruyette & Woods, Inc., Keefe, Bruyette & Woods Limited and KBW Asset Management. Keefe, Bruyette & Woods, Inc. is a full service investment bank specializing in the financial services industry. Founded in 1962, it is widely recognized as a leading authority in the banking, insurance, brokerage, asset management, mortgage banking and specialty finance sectors. The firm has established industry-leading positions in the areas of research, corporate finance, mergers and acquisitions, as well as sales and trading for financial services companies.