NEW YORK, Dec. 27, 2018 /PRNewswire/ -- First Republic Bank
(NYSE: FRC) will replace SCANA Corporation (NYSE: SCG) in the
S&P 500 effective prior to the open of trading on Wednesday, January 2, 2019. S&P 500
constituent Dominion Energy (NYSE: D) is acquiring SCANA
Corporation in a deal expected to be completed soon pending final
conditions.
First Republic offers private banking, private business banking
and private wealth management, including investment, trust and
brokerage services. Headquartered in San
Francisco, CA, the company will be added to the S&P 500
Global Industry Classification Standard (GICS) Regional Banks
Sub-Industry index.
Following is a summary of the change:
S&P 500 INDEX
– JANUARY 2, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
First
Republic
|
Financials
|
Regional
Banks
|
DELETED
|
SCANA
|
Utilities
|
Multi-Utilities
|
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