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Keefe Bruyette & Woods has published a research report on several banks reporting financial share changes.
In the report, KBW writes "After the close on Wed. 11/3, S&P announced weekly sharecount changes that will be effective after the close TODAY, Wed., 11/10. S&P is increasing the investible weight factor (
IWF) of M&T Bank Corp. (MTB-$80.32, Market Perform), and increasing the sharecounts of MetLife (MET-$40.53, Outperform) and Morgan Stanley (MS-$26.32, Market Perform) in the S&P 500 Index, while simultaneously decreasing the IWF of MET. S&P is also increasing the sharecount of Colonial Properties Trust (CLP-$18.07, Market Perform) in the S&P 600 Index. We estimate the amount of shares that need to be bought or sold by S&P index funds as a result of these IWF and sharecount changes."
Companies related to this report include:
Colonial Properties Trust
CLP
Price target: $19.00
Metlife
MET
Price target $51.00
Morgan Stanley
MS
Price target: $31.00
M&T Bank Corporation
MTB
Price target: $79.00
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Posted In: Analyst ColorAnalyst Ratingscolonial properties trustDiversified REIT'sFinancialsInvestment Banking & BrokerageKeefe Bruyette & WoodsLife & Health InsuranceM&T bank corporationMetLifeMorgan StanleyRegional Banks
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