Company:NASDAQ Financial-100
The NASDAQ Financial-100 is a specialty index operated by NASDAQ that follows stocks in the financial services index. It was created in 1985 as the sister index to the more widely followed NASDAQ-100. As designed by NASDAQ, this index follows companies that engage in banking, insurance, mortgages, securities trading and real estate. It also has exchanges among its components, including NASDAQ itself.[1]
Standards for eligibility
To qualify for membership in the index, the following standards must be met:
- It must engage in one of these categories: banking, insurance, security trading, brokerage, mortgages, debt collection, and real estate.
- It must be seasoned on the NASDAQ for a period of three months.
- It must be current in regards to SEC filings.
- It cannot be in bankruptcy.
- If a company has multiple classes of stock, all classes that meet minimum market capitalization standards will be included. At this moment, however, all companies in the index have only one class of stock in this index.
- Unlike the NASDAQ-100 index, there are no minimum weight requirements, and no volume minimums to meet either.
Like the NASDAQ-100, the index is rebalanced annually, but in June. Components that are in the top 100 of financial companies are allowed to remain in the index. If a component is between positions 101 to 125, it is given a year to move into the top 100 of eligible stocks; if it cannot meet this standard, the stock is then dropped. Any component that is not in the top 125 at the time of rebalance is dropped. All vacancies, including those done whenever a corporate action makes a component ineligible, through acquisition or delisting, are filled by the highest ranked component not in the index. Unlike the NASDAQ-100, where changes are announced in advance, changes in the NASDAQ Financial-100 are not made public by NASDAQ.
Components
For the latest component information, please refer to the NASDAQ's website.[2]
- AGNC Investment Corp.
- American National Insurance Company
- Ameris Bancorp
- Arch Capital Group Ltd.
- Atlantic Union Bankshares
- Bank OZK
- Banner Corporation
- BGC Partners, Inc.
- BOK Financial Corporation
- Brighthouse Financial, Inc.
- Brookfield Property Partners
- Capitol Federal Financial, Inc.
- CareTrust REIT
- Cathay General Bancorp
- CenterState Bank Corporation
- Cincinnati Financial Corporation
- CME Group, Inc.
- Colliers International Group Inc.
- Columbia Banking System, Inc.
- Commerce Bancshares, Inc.
- Credit Acceptance Corporation
- CVB Financial Corporation
- CyrusOne Inc
- E*TRADE Financial Corporation
- East West Bancorp, Inc.
- Enstar Group Limited
- Equinix, Inc.
- Erie Indemnity Group
- Fifth Third Bancorp
- First Citizens Bancshares, Inc
- First Financial Bancorp
- First Financial Bankshares, Inc.
- First Hawaiian, Inc.
- First Merchants Corporation
- First Midwest Bancorp, Inc.
- FirstCash, Inc.
- FirstService Corporation
- Fulton Financial Corporation
- Gaming and Leisure Properties, Inc.
- GCI Liberty, Inc.
- Glacier Bancorp, Inc.
- Hancock Whitney
- Home BancShares, Inc.
- Hope Bancorp, Inc.
- Huntington Bancshares Incorporated
- Independent Bank Corp.
- Independent Bank Group
- International Bancshares Corporation
- Investors Bancorp, Inc.
- Kinsale Capital Group
- Lamar Advertising Company
- LendingTree, Inc.
- LPL Financial Holdings Inc.
- MarketAxess Holdings, Inc.
- Nasdaq, Inc.
- National General Holdings Corp
- Navient Corporation
- Newmark Group
- Northern Trust Corporation
- Old National Bancorp
- Pacific Premier Bancorp
- PacWest Bancorp
- People's United Financial, Inc.
- Pinnacle Financial Partners, Inc.
- Popular, Inc.
- PotlatchDeltic
- Principal Financial Group
- Regency Centers Corporation
- Renasant Corporation
- Retail Opportunity Investments Corp.
- Sabra Health Care REIT
- SBA Communications Corp.
- SEI Investments Company
- Selective Insurance Group, Inc.
- ServisFirst Bancshares, Inc.
- Signature Bank
- Simmons First National Corporation
- SLM Corporation
- South State Corporation
- SVB Financial Group
- T. Rowe Price Group, Inc.
- TCF Financial Corporation
- TD Ameritrade Holding Corporation
- Texas Capital Bancshares, Inc.
- TFS Financial Corporation
- The Carlyle Group
- Towne Bank
- Trustmark Corporation
- UMB Financial Corporation
- Umpqua Holdings Corporation
- United Bankshares, Inc.
- United Community Banks, Inc.
- Uniti Group Inc.
- Valley National Bancorp
- Washington Federal, Inc.
- WesBanco, Inc.
- Wintrust Financial Corporation
- WSFS Financial Corporation
- Zillow Group, Inc.
- Zions Bancorporation
References
- ↑ "NASDAQ Financial 100 (IXF)". The NASDAQ Group, Inc. https://indexes.nasdaqomx.com/Index/Overview/IXF. Retrieved 2015-09-19.
- ↑ "Flash Quotes - Nasdaq Financial-100". http://www.nasdaq.com/quotes/nasdaq-financial-100-stocks.aspx?col=1&dir=U. Retrieved 19 September 2015.