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 and securities trading. 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]
- 360 DigiTech
- AGNC Investment
- American National Insurance Company
- Ameris Bancorp
- Arch Capital Group Ltd.
- Atlantic Union Bankshares
- B. Riley Financial
- BancFirst
- Bank OZK
- Banner Corporation
- BOK Financial Corporation
- Brighthouse Financial, Inc.
- Capitol Federal Financial, Inc
- Cathay General Bancorp
- Cincinnati Financial Corporation
- CME Group, Inc.
- Coinbase
- Columbia Banking System
- Columbia Financial
- Commerce Bancshares, Inc.
- Credit Acceptance Corporation
- CVB Financial
- East West Bancorp, Inc.
- Eastern Bankshares
- eHealth, Inc
- Enstar Group
- Erie Indemnity Group
- Fifth Third Bancorp
- First Citizens Bancshares, Inc
- First Financial Bancorp
- First Financial Bankshares
- First Hawaiian, Inc.
- First Merchants Corporation
- Focus Financial Partners
- Fulton Financial Corporation
- Futu
- Glacier Bancorp, Inc.
- Hancock Whitney
- Huntington Bancshares Incorporated
- Independent Bank Corp
- Interactive Brokers
- International Bancshares Corporation
- Investors Bancorp, Inc.
- LendingTree, Inc.
- Live Oak Bancshares
- LPL Financial Holdings Inc.
- MarketAxess Holdings, Inc.
- Morningstar, Inc.
- Nasdaq, Inc.
- Navient Corporation
- Northern Trust Corporation
- Old National Bancorp
- Opendoor Technologies
- Pacific Premier Bancorp
- PacWest Bancorp
- Pinnacle Financial Partners, Inc.
- Popular, Inc.
- Principal Financial Group
- Renasant Corporation
- SEI Investments Company
- Signature Bank
- Simmons First National Corporation
- SLM Corporation
- South State Corporation
- SVB Financial Group
- T. Rowe Price Group, Inc.
- Texas Capital Bancshares, Inc.
- The Carlyle Group
- Tradeweb Markets
- Trupanion
- Trustmark Bank
- UMB Financial Corporation
- Umpqua Holdings Corporation
- United Bankshares, Inc.
- United Community Banks, Inc.
- Upstart Holdings
- Valley National Bancorp
- Virtu Financial
- Virtus Investment Partners
- Washington Federal, Inc.
- WesBanco, Inc.
- Westamerica Bancorporation
- Wintrust Financial Corporation
- WSFS Financial Corporation
- XP Inc.
- Zions Bancorporation
References[]
- ^ "NASDAQ Financial 100 (IXF)". The NASDAQ Group, Inc. Retrieved 2015-09-19.
- ^ "NASDAQ Financial 100 (IXF)". The NASDAQ Group, Inc. Retrieved 2015-09-19.
- Companies in the NASDAQ Financial-100
- Companies listed on the Nasdaq
- American stock market indices
- Nasdaq