Shares of ING Groep NV (ADR) (NYSE:ING) ended Tuesday session in red amid volatile trading. The shares closed down -0.32 points or -2.54% at $12.29 with 2.95 million shares getting traded. Post opening the session at $12.41, the shares hit an intraday low of $12.24 and an intraday high of $12.44 and the price vacillated in this range throughout the day. The company has a market cap of $47.31 billion and the numbers of outstanding shares have been calculated to be 3.87 billion shares.
ING Groep NV (ADR) (ING) provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates through Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending, consumer lending, and lease products. It also provides mortgages; corporate, structured, and real estate financing services; financial markets products; and cash management, transaction, and trade finance services, as well as working capital solutions. It operates in the Netherlands, Belgium, Rest of Europe, North America, Latin America, Asia, and Australia. The company was founded in 1991 and is based in Amsterdam, Netherlands. ING Groep N.V. operates as a subsidiary of Stichting ING Aandelen.
Shares of Deutsche Bank AG (USA) (NYSE:DB) ended Tuesday session in red amid volatile trading. The shares closed down -0.52 points or -3.44% at $14.59 with 4.93 million shares getting traded. Post opening the session at $14.87, the shares hit an intraday low of $14.52 and an intraday high of $14.91 and the price vacillated in this range throughout the day. The company has a market cap of $19.69 billion and the numbers of outstanding shares have been calculated to be 1.37 billion shares.
On September 9, 2016 Deutsche Bank announced its appointment as depositary bank for the non-capital raising sponsored Level I American Depositary Receipt program of Lundin Petroleum AB (publ) (“Lundin Petroleum”).
Founded in 2001, Lundin Petroleum is a Swedish oil and gas exploration and production company focused on two core areas in Norway and Malaysia and also holds assets in France, the Netherlands and Russia. Lundin Petroleum has a balanced portfolio of assets with existing proven and probable reserves of 716 million barrels of oil equivalent as of end 2015. Lundin Petroleum is listed on NASDAQ Stockholm.
“We are delighted to be appointed as depositary bank for Lundin Petroleum’s Level 1 ADR program,” said Jose Sicilia, Head of Depositary Receipts, Issuer Services. “Deutsche Bank’s broad range of customized ADR related services will enhance Lundin’s visibility to the US investment community.”