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.