Bank of America: Robinhood (HOOD.US) is a "prime candidate" to become a component of the S&P 500 index or to see a significant increase in passive fund holdings.

According to the Securities Times APP, Bank of America pointed out that Robinhood Markets (HOOD.US) is the "most likely candidate" to be included in the S&P 500 index component adjustment to be announced on Friday. If this milestone event comes true, it will prompt passive funds to significantly increase their holdings in this online brokerage.