KBW Announces Changes to KBW Regional Banking Index (KRX)
November 06 2008 - 7:38PM
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 Regional Banking Index (Index Symbol:
KRXSM, ETF Symbol: KRESM). Effective prior to the opening of
business on Monday, November 10, 2008, First Commonwealth Financial
Corp. (NYSE: FCF) will undergo a share increase in the KRX index
due to successful completion of their secondary stock offering of
11.5 million shares at $10 per share on Wednesday, November 5,
2008. This offering included 1.5 million shares from underwriters
exercising an overallotment option. The KBW family of indices and
exchange traded funds include: KBW Bank Index (Index Symbol: BKXSM,
ETF Symbol KBESM); KBW Capital Markets Index (Index Symbol: KSXSM,
ETF Symbol KCESM); KBW Insurance Index (Index Symbol: KIXSM, ETF
Symbol KIESM); KBW Regional Banking Index (Index Symbol: KRXSM, ETF
Symbol: KRESM) and KBW Mortgage Finance Index (Index Symbol:
MFXSM). 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.
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