One of the most recognizable companies in the world is about to cement its grip on the Dow Jones Industrial Average, and it's not who you think.
While Apple Inc. enters the average Thursday, it's Goldman Sachs Group Inc. that will see its influence on the 118-year-old gauge solidified, garnering the biggest weighting after a stock split this week by Visa Inc. New York-based Goldman Sachs, with a 7.1 percent share, will be the first bank to hold the top spot since JPMorgan Chase & Co. in 2000.
It's testament to the quirkiness of the Dow's listing structure that Apple, the world's most valuable company at $748 billion in market value, will take a backseat to a company that's just over a 10th its size. Apple ranked as the ninth most-loved company in a Harris Poll earlier this year, while Goldman Sachs came in as the least loved.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
