Keefe Bruyette & Woods On CLP, MET, MS, M&T

Keefe Bruyette & Woods has published a research report on several banks reporting financial share changes. In the report, KBW writes "After the close on Wed. 11/3, S&P announced weekly sharecount changes that will be effective after the close TODAY, Wed., 11/10. S&P is increasing the investible weight factor (IWF) of M&T Bank Corp. (MTB-$80.32, Market Perform), and increasing the sharecounts of MetLife (MET-$40.53, Outperform) and Morgan Stanley (MS-$26.32, Market Perform) in the S&P 500 Index, while simultaneously decreasing the IWF of MET. S&P is also increasing the sharecount of Colonial Properties Trust (CLP-$18.07, Market Perform) in the S&P 600 Index. We estimate the amount of shares that need to be bought or sold by S&P index funds as a result of these IWF and sharecount changes." Companies related to this report include: Colonial Properties Trust CLP Price target: $19.00 Metlife MET Price target $51.00 Morgan Stanley MS Price target: $31.00 M&T Bank Corporation MTB Price target: $79.00