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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
03/31/201507:38:00Accenture to Equip 3 Million with Workplace and Entrepreneurial...
03/30/201515:20:35Accenture Plc Reports Earnings. Cue Wild Applause
03/27/201507:41:39Market Is Not Out Of The Woods Yet - Cramer's Mad Money (3/26/15)
03/26/201516:46:32MARKET SNAPSHOT: U.S. Stocks Ring Up Fourth Straight Losing Day
03/26/201516:21:36Quarterly Report (10-q)
03/26/201516:01:00Accenture Completes Acquisition of Agilex, Enhancing Digital...
03/26/201514:43:26MARKET SNAPSHOT: U.S. Stocks Attempt Rebound In Late Trade
03/26/201513:06:46MARKET SNAPSHOT: U.S. Stocks Pare Losses, Techs Rebound
03/26/201512:57:04MARKET SNAPSHOT: U.S. Stocks Pare Gains, Techs Rebound
03/26/201510:34:22MARKET SNAPSHOT: U.S. Stocks Drop As Investors Fret Over Growth...
03/26/201508:29:41Accenture Forecasts Larger Hit From Foreign Exchange
03/26/201507:55:00Accenture (ACN) Q2 2015 Results - Earnings Call Webcast
03/26/201507:08:04Current Report Filing (8-k)
03/26/201507:03:27Accenture beats by $0.01, beats on revenue
03/26/201507:01:00Accenture Reports Strong Second-Quarter Fiscal 2015 Results
03/26/201503:03:00Growth in Fintech Investment Fastest in European Market, according...
03/25/201507:03:00Accenture to Host Conference Call Tomorrow, Mar. 26, to Discuss Second-Quarter...
03/25/201507:03:00U.S. Retailers Struggling To Meet Consumer Expectations Around...
03/23/201521:03:00$770 Billion Opportunity Awaits Consumer Packaged Goods Companies...
03/23/201508:58:00Accenture IRONMAN 70.3 California to Showcase Top Athletes

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