S&P Dow Jones Indices, a division of S&P Global (SPGI), announced that Coinbase Global Inc. (COIN) will replace Discover Financial Services (DFS) in the S&P 500 effective prior to the opening of trading on Monday, May 19.
S&P 500 constituent Capital One Financial Corp. (COF) is acquiring Discover Financial Services in a deal expected to be completed soon, pending final closing conditions.
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