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Accenture To Replace BMO In S&P 500 Next Month

DOW JONES NEWSWIRES Standard & Poor's said consulting company Accenture PLC (ACN) will replace Marshall & Ilsley Corp. (MI) in the S&P500 index next month, when Bank of Montreal's (BMO, BMO.T) takeover of the regional bank is expected to close. Accenture shares rose 4.6% after hours on the news. The shares of a company joining a major index like the S&P 500 tend to rise as index-tracking funds buy the stock. The switch, effective after the close of trade July 5, adds one of the world's biggest standalone consulting companies to the key index. The company has been strengthening, as market share gains propel revenue growth. Its most recent quarterly revenue and earnings per share figures were record highs. In December, Bank of Montreal agreed to buy struggling regional bank Marshall & Ilsley in a stock-for-stock deal worth $4.1 billion, which would further strengthen the Canadian banks position in the Midwest. Marshall & Ilsley has reported more than two straight years of quarterly losses and has yet to repay the U.S. government for the $1.72 billion in bailout funds it received after the financial crisis. -By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@dowjones.com

Stock News for Accenture (ACN)
DateTimeHeadline
09/28/201616:15:00Accenture Launches New Cloud-Based Solution to Help Wealth Managers...
09/28/201607:15:00Accenture Launches Offering to Help Health Insurers Enhance the...
09/28/201606:57:00Accenture to Host Conference Call Tomorrow, Sept. 29, to Discuss Fourth-Quarter...
09/28/201603:01:00Artificial Intelligence Poised to Double Annual Economic Growth...
09/27/201616:29:00Accenture Named a Top 10 Company for Working Mothers
09/27/201609:03:00Accenture Releases New Capabilities for Accenture Cloud Platform
09/27/201608:57:00Accenture Finds That Vast Majority of Companies Are Embracing...
09/27/201607:57:00Productivity Initiatives Distracting Sales Teams and Stifling...
09/27/201607:57:00Productivity Initiatives Distracting Sales Teams and Stifling...
09/27/201603:57:00eu-LISA Selects Accenture, Atos and Safran to Enhance EU Visa...
09/26/201616:29:00Accenture Named to Thomson Reuters Index of World’s Most Diverse a...
09/26/201609:00:00Accenture to Acquire DayNine, Expanding Workday Capabilities...
09/25/201622:00:00Accenture & Brandtone Collaborate to Deliver Next Generation...
09/22/201607:27:00Accenture Positioned as Overall Market Leader in HfS Mortgage...
09/22/201605:57:00Accenture Implements State-of-the-Art Payments-Processing Platform...
09/22/201602:07:00Accenture to Acquire Kurt Salmon to Expand Accenture Strategy’s C...
09/20/201607:59:00Accenture Strategy Creates Symphonologie, the Music of Business...
09/20/201606:57:00ASM Research Awarded $286 Million Contract to Help Support VA...
09/20/201603:57:00Accenture Debuts Prototype of ‘Editable’ Blockchain for Enterprise and...
09/19/201608:05:00Accenture and Oracle Expand the Accenture Oracle Business Group...

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