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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; [email protected]

Stock News for Accenture (ACN)
DateTimeHeadline
03/23/201717:59:00Accenture Launches Liquid Studio in Sydney to Help Clients Accelerate...
03/23/201716:22:47Quarterly Report (10-q)
03/23/201712:42:00Accenture to Acquire First Annapolis, Enhancing Its Consulting...
03/23/201707:05:23Current Report Filing (8-k)
03/23/201706:59:00Accenture Reports Strong Second-Quarter Fiscal 2017 Results
03/22/201707:59:00Accenture Wins SAP Ariba’s #MakeProcurementAwesome Award for P...
03/22/201706:59:00Accenture to Host Conference Call Tomorrow, Mar. 23, to Discuss Second-Quarter...
03/21/201711:35:00Payments Canada Selects Accenture to Support Industry-Wide Modernization...
03/21/201711:30:00Paiements Canada choisit Accenture pour soutenir un programme...
03/21/201711:30:00Payments Canada Selects Accenture to Support Industry-Wide Modernization...
03/21/201709:57:00Accenture Interactive Named by Adobe as 2016 Marketing Cloud...
03/21/201707:59:00Accenture Acquires Focus Group Europe to Further Solidify Industry...
03/21/201707:58:00Applications Open for Accenture ConsumerTech Awards
03/21/201707:57:00Mortgage Cadence Launches New Version of Its Enterprise Lending...
03/21/201705:00:00Accenture finalise l'acquisition d'OCTO Technology, renforçant...
03/21/201704:59:00Accenture Completes Acquisition of OCTO Technology, Expands Digital...
03/20/201707:59:00Accenture Introduces High Velocity Sourcing & Procurement Solution...
03/20/201707:57:00Accenture to Help Kimberly-Clark Latin America Operations Maximise...
03/17/201708:03:00HousingWire Magazine Cites Accenture Among Most Innovative Technology...
03/16/201712:15:00Accenture Wins Six Oracle Excellence Awards in Europe

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