KBW Announces Changes to KBW Bank Index (BKX) and KBW Mortgage Finance Index (MFX)
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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 announced upcoming changes to the KBW Bank Index (Index Symbol: BKX(SM), ETF Symbol: KBE(SM)) and KBW Mortgage Finance Index (MFX).
Effective prior to the opening of business on Thursday, July 3, 2008, KeyCorp (NYSE: KEY), a component of the BKX, will undergo a share increase based on a recently completed common equity offering.
In addition, as Bank of America (NYSE: BAC) has completed its acquisition of Countrywide Financial Corp. (NYSE: CFC), a component of the MFX, CFC will be deleted from the index and replaced with Lender Processing Services (NYSE: LPS).
The KBW family of indices and exchange traded funds include: 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 Regional Banking Index (Index Symbol: KRX(SM), ETF Symbol: KRE(SM)) and KBW Mortgage Finance Index (Index Symbol: MFX(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.
Source: Keefe, Bruyette & Woods, Inc.
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