‘First Republic Bank is no longer eligible for inclusion,’ S&P Dow Jones Indices says after San Francisco–based bank’s collapse
First Republic Bank’s spot in the S&P 500 Index will be taken over by Axon Enterprise Inc., S&P Dow Jones Indices said Monday, following the bank’s collapse and a planned takeover by JPMorgan Chase.
Axon AXON, the maker of Tasers and body cameras for police officers, will land in the S&P 500 before the market open on Thursday, S&P Dow Jones Indices said. Axon has been a member of the S&P MidCap 400. STAG Industrial Inc. STAG will replace Axon in the S&P MidCap 400.