These stocks may be added to the S&P 500 this month, according to Bank of America.

The fund manager is gearing up for a significant restructuring before the summer break, with an announcement regarding the S&P 500 changes expected soon. Bank of America analyst Craig Siegenthaler mentioned in a memo that some financial services stocks may be beneficial during this upcoming rebalancing. He pointed out that Robinhood is likely to be a key player in the next S&P 500 revisions. Additionally, Interactive Brokers is a leading candidate to be moved up from the S&P 400, as the S&P 500 currently has a heavy financials weight but is underrepresented in terms of specific stocks. Despite having a strong performance this year, Robinhood is not yet part of the S&P index, which consists of energy-related companies. Investco might transition from the Mid-Cap S&P 400 to the S&P 500 Trust ETF (SPY), and it’s anticipated that funds will make considerable investments in the coming weeks. The S&P 500 is not only about the largest companies in the US, but also considers liquidity and underlying profits. As of now, there are six members from the S&P 400 that are doing quite well, and one analyst noted that they are close to making moves, particularly mentioning a company named Otta.