Barrons.comFirst Republic Bank will be coming out of the as a result of its seizure by regulators and that could provide an opening for the addition of Blackstone to the index. First Republic (FRC), whose stock has been halted, was seized by federal regulators and the bulk of its assets were sold to JPMorgan Chase (JPM). The new S&P 500 member could be Blackstone, which, with a market value of $110 billion, is the largest company that isn’t now in the S&P 500.

Source: Wall Street Journal May 01, 2023 06:17 UTC