DEFINITION of 'Keefe Bank Index'

An index of regional bank and money centers. The Keefe Bank Index is compiled by Keefe, Keefe, Bruyette and Woods, an investment banking firm in New York City that focuses on banking stocks. The banks in this index are weighted according to capitalization.

BREAKING DOWN 'Keefe Bank Index'

The full name of the Keefe index is the KBW Bank Sector Index. This index is a common benchmark in the banking industry and trades on the Philadelphia Stock Exhange. The ticker symbol for this index is BK. The BK has been posted since the firm's inception in 1962.

RELATED TERMS
  1. KBW Bank Index

    An economic index consisting of the stocks of 24 banking companies. ...
  2. Bank Rate Monitor Index

    An index of money market interest rates paid on deposits at 1 ...
  3. Bank

    A financial institution licensed as a receiver of deposits. There ...
  4. Weighted Average Market Capitalization

    A stock market index weighted by the market capitalization of ...
  5. ABA Bank Index

    A banking index that is made up of community banks and banking ...
  6. Reserve City Bank

    A bank that is found in any city that also has a Federal Reserve ...
Related Articles
  1. Tech

    Keefe, Bruyette & Woods Hires 5 New Execs (SL)

    Keefe, Bruyette & Woods hires three managing directors and two vice presidents to bolster its investment banking division.
  2. Investing

    Bank of America Stock Can Still Pay: KBW (BAC)

    Despite concerns about an overheated stock, Bank of America remains one of the better ways to play the expected rise in interest rates, according to KBW.
  3. Investing

    New FinTech Indexes: Should You Invest? (KFTX, PYPL)

    KBW recently launched its new financial technology index. We'll discuss what's included and whether or not you should invest.
  4. Investing

    How Trump Can Unilaterally Deregulate Big Banks

    Trump could water down bank regulation unilaterally.
  5. Investing

    FDIC Sues Bank of America Over Deposit Insurance

    In a lawsuit filed Monday, the FDIC says Bank of America owes at least $542 million for deposit insurance.
  6. Personal Finance

    Retail Banking Vs. Corporate Banking

    Retail banking is the visible face of banking to the general public. Corporate banking, also known as business banking, refers to the aspect of banking that deals with corporate customers.
  7. Insights

    The World's Top 10 Banks

    Learn more about the world's largest banks and how more financial power shifts eastward as China is home to four of the world's largest banks.
  8. Investing

    KRE: SPDR S&P Regional Banking ETF

    Learn about the SPDR S&P Regional Banking Fund, an exchange-traded fund (ETF) that invests in equities of regional banks located in the United States.
  9. Investing

    What's a Correspondent Bank?

    A correspondent bank is a bank that acts on behalf of another bank, usually a foreign bank.
RELATED FAQS
  1. What does it mean to invest in money center banks?

    Invest in foreign and domestic banks when you invest in money center banks. You'll find these financial centers in many major ... Read Answer >>
  2. What are the most common ETFs that track the banking sector?

    Learn about common bank ETFs, and find out which ones focus on the international financial sector, big banks, regional banks ... Read Answer >>
  3. What is the average profit margin for a company in the banking sector?

    Learn what the average profit margin is for companies in the banking sector, along with other evaluation metrics often used ... Read Answer >>
  4. What are common mutual funds an investor should consider for investing in banks?

    Discover some of the mutual funds that are most popular with analysts and investor for investing in the banking industry ... Read Answer >>
  5. What developed countries have the highest concentration in the banking sector?

    Learn about the developed countries that have the greatest concentration in the banking sector and the most important emerging ... Read Answer >>
  6. What are the main benchmarks that track the banking sector?

    Read about the most important benchmarks that can be used to track the banking sector, and why banking benchmarks tend to ... Read Answer >>
Hot Definitions
  1. Debt Security

    Any debt instrument that can be bought or sold between two parties and has basic terms defined, such as notional amount (amount ...
  2. Taxable Income

    Taxable income is described as gross income or adjusted gross income minus any deductions, exemptions or other adjustments ...
  3. Chartered Financial Analyst - CFA

    A professional designation given by the CFA Institute (formerly AIMR) that measures the competence and integrity of financial ...
  4. Initial Coin Offering (ICO)

    An Initial Coin Offering (ICO) is an unregulated means by which funds are raised for a new cryptocurrency venture.
  5. The Bernie Madoff Story

    Bernie Madoff ran a multibillion-dollar Ponzi scheme that is considered the largest financial fraud of all time.
  6. Pyramid Scheme

    An illegal investment scam based on a hierarchical setup. New recruits make up the base of the pyramid and provide the funding, ...
Trading Center