Shares of Synchrony Financial (NYSE:SYF) ended Friday session in red amid volatile trading. The shares closed down -0.14 points or -0.52% at $26.91 with 13.47 million shares getting traded. Post opening the session at $26.85, the shares hit an intraday low of $26.67 and an intraday high of $26.97 and the price vacillated in this range throughout the day. The company has a market cap of $21.88 billion and the numbers of outstanding shares have been calculated to be 833.93 million shares.
On September 14, 2016 Competitor Group, Inc. (CGI), the organizer of the Rock ‘n’ Roll Marathon Series, and Synchrony Financial (NYSE:SYF), a premier consumer financial services company, announced a multi-year partnership. The pioneering consumer financial services company is now a national sponsor of the Rock ‘n’ Roll Marathon Series, the title sponsor of the Synchrony Financial Rock ‘n’ Roll Brooklyn Half Marathon and the presenting sponsor of Runner Tracking.
As part of Synchrony Financial’s efforts to help participants realize their unique ambitions, the multi-year agreement integrates the company throughout the Rock ‘n’ Roll Marathon Series. In addition to the title sponsorship of the Synchrony Financial Rock ‘n’ Roll Brooklyn Half Marathon, it will have dedicated marketing and hospitality opportunities at Rock ‘n’ Roll events nationwide. Synchrony Financial also becomes the Presenting Sponsor of Runner Tracking, providing live mobile updates for family and friends to track runners at every Rock ‘n’ Roll event.
“As a leading consumer financial institution looking to empower others, we are delighted to provide Synchrony Financial a fully integrated sports marketing platform to engage with runners and spectators across the United States,” said Josh Furlow, president of CGI. “We look forward to collaborating on new and innovative event experiences as they activate broadly across the Rock ‘n’ Roll Marathon Series and showcase their commitment to improving the success and wellness of every life they touch.”
“Our company recognizes that each individual has unique ambitions, whether working forward to finishing their first race or setting a new personal best, and our Rock ‘n’ Roll Marathon Series sponsorship enables us to engage our employees and race participants with events in 2016 and beyond,” said Bart Schaller, chief marketing officer of Synchrony Financial. “Integrating our ‘Synchrony Rocks’ programs with the Series builds on our Health 360 initiative, which encourages healthy choices and physical activity to support the health and wellness of our employees.”
Shares of Deutsche Bank AG (USA) (NYSE:DB) ended Friday session in red amid volatile trading. The shares closed down -1.39 points or -9.38% at $13.38 with 13.43 million shares getting traded. Post opening the session at $13.38, the shares hit an intraday low of $13.27 and an intraday high of $13.48 and the price vacillated in this range throughout the day. The company has a market cap of $17.89 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.”