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.