NEW YORK, May 12, 2025 /PRNewswire/ — Coinbase Global Inc. (NASD: COIN) will replace Discover Financial Services (NYSE: DFS) in the S&P 500 effective prior to the opening of trading on Monday, May 19. S&P 500 constituent Capital One Financial Corp. (NYSE: COF) is acquiring Discover Financial Services in a deal expected to be completed soon, pending final closing conditions.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
|
Effective Date |
Index Name |
Action |
Company Name |
Ticker |
GICS Sector |
|
|
May 19, 2025 |
S&P 500 |
Addition |
Coinbase Global |
COIN |
Financials |
|
|
May 19, 2025 |
S&P 500 |
Deletion |
Discover Financial Services |
DFS |
Financials |
|
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