NASDAQ Financial-100

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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, among its components, exchanges, including NASDAQ itself.[1]

Standards for eligibility[edit]

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, only it's done 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[edit]

For the latest component information, please refer to the NASDAQ's website.[2]

  1. AGNC Investment Corp.
  2. American National Insurance Company
  3. Ameris Bancorp
  4. Arch Capital Group Ltd.
  5. Atlantic Union Bankshares
  6. Bank OZK
  7. Banner Corporation
  8. BGC Partners, Inc.
  9. BOK Financial Corporation
  10. Brighthouse Financial, Inc.
  11. Brookfield Property Partners
  12. Capitol Federal Financial, Inc.
  13. Cathay General Bancorp
  14. CenterState Bank Corporation
  15. Chemical Financial Corporation
  16. Cincinnati Financial Corporation
  17. CME Group, Inc.
  18. Colliers International Group Inc.
  19. Columbia Banking System, Inc.
  20. Commerce Bancshares, Inc.
  21. Credit Acceptance Corporation
  22. CVB Financial Corporation
  23. CyrusOne Inc
  24. E*TRADE Financial Corporation
  25. East West Bancorp, Inc.
  26. Enstar Group Limited
  27. Equinix, Inc.
  28. Erie Indemnity Group
  29. Fifth Third Bancorp
  30. First Citizens Bancshares, Inc
  31. First Financial Bancorp
  32. First Financial Bankshares, Inc.
  33. First Hawaiian, Inc.
  34. First Merchants Corporation
  35. First Midwest Bancorp, Inc.
  36. FirstCash, Inc.
  37. FirstService Corporation
  38. Fulton Financial Corporation
  39. Gaming and Leisure Properties, Inc.
  40. GCI Liberty, Inc.
  41. Glacier Bancorp, Inc.
  42. Hancock Whitney
  43. Home BancShares, Inc.
  44. Hope Bancorp, Inc.
  45. Huntington Bancshares Incorporated
  46. IBERIABANK Corporation
  47. IHS Markit Ltd.
  48. Independent Bank Corp.
  49. Independent Bank Group
  50. International Bancshares Corporation
  51. Investors Bancorp, Inc.
  52. Lamar Advertising Company
  53. LegacyTexas Financial Group, Inc.
  54. LendingTree, Inc.
  55. LPL Financial Holdings Inc.
  56. MarketAxess Holdings, Inc.
  57. Nasdaq, Inc.
  58. National General Holdings Corp
  59. Navient Corporation
  60. NBT Bancorp Inc.
  61. Newmark Group
  62. Northern Trust Corporation
  63. Northwest Bancshares, Inc.
  64. Old National Bancorp
  65. Pacific Premier Bancorp
  66. PacWest Bancorp
  67. People's United Financial, Inc.
  68. Pinnacle Financial Partners, Inc.
  69. Popular, Inc.
  70. PotlatchDeltic
  71. Principal Financial Group
  72. Regency Centers Corporation
  73. Renasant Corporation
  74. Retail Opportunity Investments Corp.
  75. Sabra Health Care REIT
  76. SBA Communications Corp.
  77. SEI Investments Company
  78. Selective Insurance Group, Inc.
  79. ServisFirst Bancshares, Inc.
  80. Signature Bank
  81. Simmons First National Corporation
  82. SLM Corporation
  83. South State Corporation
  84. SVB Financial Group
  85. T. Rowe Price Group, Inc.
  86. TD Ameritrade Holding Corporation
  87. Texas Capital Bancshares, Inc.
  88. TFS Financial Corporation
  89. Towne Bank
  90. Trustmark Corporation
  91. UMB Financial Corporation
  92. Umpqua Holdings Corporation
  93. United Bankshares, Inc.
  94. United Community Banks, Inc.
  95. Uniti Group Inc.
  96. Valley National Bancorp
  97. Washington Federal, Inc.
  98. Wintrust Financial Corporation
  99. Zillow Group, Inc.
  100. Zions Bancorporation

References[edit]

  1. ^ "NASDAQ Financial 100 (IXF)". The NASDAQ Group, Inc. Retrieved 2015-09-19.
  2. ^ "Flash Quotes - Nasdaq Financial-100". Nasdaq.com. Retrieved 19 September 2015.