posted on 06-06-2019

ABA Bank Index

Updated October 1, 2019

What is the ABA Bank Index?

The ABA Bank Index is a composite market index comprised of small retail and community banks.

How Does the ABA Bank Index Work?

Traded on the Nasdaq, the ABA Bank Index is made up of 440 small banking institutions nationwide. These banks include small-cap retail community banks registered and actively traded on the Nasdaq. The ABA Bank Index has existed since 2003 and has a market capitalization of roughly $150 billion.

Why Does the ABA Bank Index Matter?

The ABA Banking Index tracks the performance of small bank stocks. It functions primarily as an indicator of the strength of the U.S. economy and banking sectors.


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Related Definitions

Composite
A composite is a grouping of securities, indexes or other items. See More
Market Index
A market index is a metric that tracks the performance of a group of stocks. Some indices are designed to indicate the overall performance of the market, while... See More
Nasdaq
Nasdaq, which stands for the National Association of Securities Dealers Automated Quotation system, is a computerized system for stock trading. See More
Market Capitalization
Market capitalization refers to the value of a company's outstanding shares.  See More
Index
An index is a statistical aggregate that measures change. In finance, they usually refer to measures of stock market performance or economic performance. See More
Stock
Stock, also known as equity, represents ownership interests in corporations. Whether you own one, 100 or 100 million shares of stock in a company, you're... See More
Economy
In its broadest sense, the economy is the organized system of human activity involved in the production, consumption, exchange, and distribution of goods... See More

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