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KBW Announces Changes to BKX, KRX and MFX

  //business-finance.news-articles.net/content/201 .. 21/kbw-announces-changes-to-bkx-krx-and-mfx.html
  Published in Business and Finance on Tuesday, December 21st 2010 at 13:41 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 the deletion of Marshall & Ilsley Corporation (NYSE: MI); from the KBW Bank Index (BKX^SM) and New York Community Bancorp Inc. (NYSE: NYB); from the KBW Mortgage Finance Index (MFX^SM). We are also increasing the shares of First Niagara Financial Group Inc. (NASDAQ: FNFG), Huntington Bancshares Inc. (NASDAQ: HBAN) and Wintrust Financial Corp. (NASDAQ: WTFC). These changes will be effective before markets open for business on Monday, December 27, 2010.

Marshall & Ilsley Corporation (NYSE: MI) will be replaced by New York Community Bancorp Inc. (NYSE: NYB) and Old Republic International Corp. (ORI) will replace New York Community Bancorp Inc. (NYSE: NYB) in the KBW Mortgage Finance Index (MFX^SM). The increase in the shares of First Niagara Financial Group Inc. (NASDAQ: FNFG) is due to the completion of the previously announced merger with NewAlliance Bancshares (NYSE: NAL). Additionally, we are increasing the shares of Huntington Bancshares Inc. (NASDAQ: HBAN), a member of BKX, and Wintrust Financial Corp. (NASDAQ: WTFC), a member of KBW Regional Banking Index (KRX), due to their recent equity issuance.

The KBW indices that have 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) KBW Regional Banking Index (Index Symbol: KRX^SM, ETF Symbol: KRE^SM, KRS^SM, KRU^SM), and KBW Financial Sector Dividend Yield Index (Index Symbol: KDX^SM, ETF Symbol KBWD^SM); KBW Premium Yield Equity REIT Index (Index Symbol: KYX^SM, ETF Symbol KBWY^SM); KBW Property and Casualty Insurance Index (Index Symbol: KPX^SM, ETF Symbol KBWP^SM); and KBW Global (Ex. U.S.) Financial Sector Index (Index Symbol: KGX^SM, ETF Symbol KBWX^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, real estate 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 in equities and debt securities of financial services companies.