In a positive sign for bank stocks, Russell Investment Group has added 25 banks to its index of 3,000 publicly traded companies while removing just three banks from its influential list.

The firm rebalances its Russell 3000 index each year based on a company's market capitalization as of May 31, and this year it added 197 companies, including 39 that went public in the last year. Among the additions is EverBank Financial (EVER) in Jacksonville, Fla., which began trading publicly in early May and has a market cap of just under $1.3 billion.

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