WSFS Selected to Join The S&P SmallCap 600® Index
WSFS Financial Corporation (Nasdaq: WSFS) announced its inclusion in the S&P SmallCap 600 Index, effective March 1, 2021.
Sentiment and the balance of points
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Rhea-AI Summary
WSFS Financial Corporation (Nasdaq: WSFS) announced its inclusion in the S&P SmallCap 600 Index, effective March 1, 2021. This designation reflects the company's strong financial performance and market capitalization. Dominic C. Canuso, CFO, emphasized the importance of this milestone, highlighting it as an affirmation of WSFS's commitment to long-term growth and community service. As of December 31, 2020, WSFS reported $14.3 billion in assets and $24.2 billion in assets under management, operating 112 offices across several states.
Positive
- Inclusion in S&P SmallCap 600 Index is a significant milestone for WSFS.
- The company reported $14.3 billion in assets and $24.2 billion in assets under management as of December 31, 2020.
- WSFS aims to drive long-term growth and sustainable performance as the largest locally headquartered bank in its market.
Negative
- None.
Details
News Market Reaction – WSFS
The recorded move for WSFS in the trading session of this news was -3.74%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WILMINGTON, Del., Feb. 25, 2021 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced that it will be added to the S&P SmallCap 600 Index, effective March 1, 2021. The S&P SmallCap 600 measures the small-cap segment of the U.S. equity market and consists of 600 domestic stocks selected by Standard & Poor's Index Committee based on several factors, including financial performance and market capitalization.
"Being added to the S&P SmallCap 600 reaffirms our commitment to long term growth and sustainable high performance as the largest, locally headquartered bank in the Greater Philadelphia and Delaware markets. Our strategy: Engaged Associates, living our culture, making a better life for all we serve, underpins our business model and drives our success," said Dominic C. Canuso, Executive Vice President and Chief Financial Officer. "Joining others in the Index is an honor. We look forward to continuing to serve our community and generating long term value for our stakeholders.”
About WSFS Financial Corporation
WSFS Financial Corporation is a multi-billion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally managed bank and trust company headquartered in Delaware and the Greater Philadelphia region. As of December 31, 2020, WSFS Financial Corporation had
Investor Relations Contact: Dominic C. Canuso
(302) 571-6833
dcanuso@wsfsbank.com
Media Contact: Rebecca Acevedo
(215) 253-5566
racevedo@wsfsbank.com
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