Taylor Capital to Join S&P SmallCap 600

Following the scheduled completion of the acquisition of K-Swiss (NASDAQ: KSWS  ) by E-Land World tomorrow, Standard & Poor's will replace the sneaker maker in its SmallCap 600 index with Taylor Capital (NASDAQ: TAYC  ) , a provider of commercial banking products and services, S&P announced Friday. 

Taylor will be added to the regional banks sub-industry index. Taylor Capital Group has a market cap of about $415 million. S&P said additions to and deletions from an index do not in any way reflect an opinion on the investment merits of the companies involved.

Standard & Poor's is a subsidiary of The McGraw-Hill Companies and is the world's largest, global resource for index-based concepts, data and research. It has more than 830,000 indices covering a wide range of assets classes across the globe, including the iconic S&P 500 and Dow Jones Industrial Average.

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2394354, ~/Articles/ArticleHandler.aspx, 9/22/2014 4:24:02 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement