The possibility that HCBK that was bought out is going to be replaced with NYB in S&P 500 seems pretty obvious. Any thoughts?
May I ask: Why do you think NYB shall be replacing that bought-out bank? Did you read that information from a reliable source?
Applied logic.This information wouldn't be publicly available at the moment. The speculation that NYB is going to be included in S&P500 was around for the past 2-3 years at least. Now when HCBK is going out is the perfect time.