KBW Bank Index
The cash-settled KBW Bank Index (BKX), traded on the International Securities Exchange and PHLX (BKXSM is a service mark of the Philadelphia Stock Exchange, Inc.), is a float-adjusted, modified market-cap index comprising 24 leading national money center banks and thrifts.
The Index is evaluated at least annually by Keefe, Bruyette & Woods (KBW) to assure that the composition is highly representative of the banking industry. KBW is an institutionally oriented securities broker/dealer and full service investment bank that specializes in the financial services sector.
The KBW Bank Index captures over $1.2-trillion market capitalization of the U.S. banking industry. Citigroup, Bank of America, J.P. Morgan Chase, Wells Fargo, Wachovia, and the Bank of New York Mellon Corp. are a few of the banks covered in the Index.
Full ISE specifications: []
Full PHLX specifications: []
International Securities Exchange []
Philadelphia Stock Exchange []
Keefe, Bruyette & Woods []