Index Change Affects Discover Financial Services
Discover Financial Services is scheduled to be replaced in the S&P 500 index by Coinbase Global, a cryptocurrency exchange. This change is a result of Discover Financial’s acquisition by Capital One, which is nearing completion.
Index Replacement Details
- Discover Financial Services will be replaced by Coinbase Global in the S&P 500 index.
- The exact date of the index change has not been specified.
Market Reaction
Coinbase Global’s stock price has increased following the announcement. The impact of this change on Discover Financial’s stock price is uncertain, but it may lead to a decrease in its market value.
Related Information
- Discover Financial Services is being acquired by Capital One.
- The acquisition is in its final stages.