Standard & Poor's Announces Changes to S&P U.S. Indices
26 Marzo 2004 - 12:12AM
PR Newswire (US)
Standard & Poor's Announces Changes to S&P U.S. Indices NEW
YORK, March 25 /PRNewswire/ -- S&P MidCap 400 constituent
E*TRADE Financial Corp. will replace FleetBoston Financial Corp. in
the S&P 500 after the close of trading on Wednesday, March 31,
2004. FleetBoston Financial is being acquired by fellow S&P 500
constituent Banc of America Corp. in a transaction anticipated to
close on or about that date. S&P SmallCap 600 constituent
Ryland Group Inc. will replace E*TRADE Financial in the
S&PMidCap 400, while Sterling Financial Corp. (NASD: STSA) will
replace Ryland Group in the S&P SmallCap 600. Standard &
Poor's will monitor these transactions, and post any relevant
updates on its website: http://www.standardandpoors.com/. E*TRADE
Financial is a provider of online discount brokerage services,
including automated order placement and portfolio tracking, and
online banking services. The company, headquartered in New York,
NY, will be added to the S&P 500 GICS (Global Industry
Classification Standard) Investment Banking & Brokerage
Sub-Industry Index. The Ryland Group is a national homebuilder and
mortgage-related financial services firm. The company,
headquartered in Calabasas, CA, will be added to the S&P MidCap
400 GICS Homebuilding Sub-Industry Index. Sterling Financial Corp.
is the parent company of Sterling Savings Bank, a state-chartered,
federally insured stock savings and loan association that provides
financial services to customers in rural and suburban communities
of Washington, Oregon, Idaho and Montana. The company,
headquartered in Spokane, WA, will be added to the S&P SmallCap
600 GICS Thrifts & Mortgage Finance Sub-Industry Index.
Following is a summary of the changes: S&P 500 INDEX -March 31,
2004 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED E*TRADE
Financial Financials Investment Banking & Brokerage DELETED
FleetBoston Financial Financials Diversified Banks S&P MIDCAP
400 INDEX - March 31, 2004 COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED Ryland Group Inc. Consumer Discretionary
Homebuilding DELETED E*TRADE Financial Financials Investment
Banking & Brokerage S&P SMALLCAP 600 INDEX - March 31, 2004
COMPANYGICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Sterling
Financial Corp. Financials Thrifts & Mortgage Finance DELETED
Ryland Group Inc. Consumer Discretionary Homebuilding Additions to
and deletions from an S&P equity index do not in any way
reflect an opinion on the investment merits of the companies
concerned. Standard & Poor's, a division of The McGraw-Hill
Companies (NYSE:MHP), is the world'sforemost provider of
independent credit ratings, indices, risk evaluation, investment
research, data and valuations. With 5000 employees located in 20
countries, Standard & Poor's is an essential part of the
world's financial infrastructure, and has played a leading role for
more than 140 years in providing investors with the independent
benchmarks they need to feel more confident about their investment
and financial decisions. For more information, visit
http://www.standardandpoors.com/. Founded in 1888, The McGraw-Hill
Companies is a leading global information services provider meeting
worldwide needs in the financial services, education and business
information markets through leading brands such as Standard &
Poor's, BusinessWeek and McGraw-Hill Education. The Corporation has
more than 322 offices in 33 countries. Sales in 2003 were $4.8
billion. Additional information is available at
http://www.mcgraw-hill.com/. DATASOURCE: Standard & Poor's
CONTACT: David Blitzer Managing Director, Quantitative Services
+1-212-438-3907 Web site: http://www.mcgraw-hill.com/ Web site:
http://www.standardandpoors.com/
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