Two European Stocks to Watch: Lloyds Banking Group PLC (ADR) (LYG), Koninklijke Philips NV (ADR) (PHG)


Lloyds Banking Group PLC (ADR) (NYSE:LYG):

Stock’s Trading Stats:

Lloyds Banking Group PLC (ADR) (NYSE:LYG) surged 1.27% yesterday and closed at $3.98. The company’s market capitalization is at $69.62 billion with an average trading volume of 4.01 Million. The total number of Outstanding Shares Held by the company are 71.37 Million.

Recent Press Release:

Lloyds Banking Group plc (LYG) provides banking and financial services to individual and business customers in the United Kingdom and internationally. The company operates through four segments: Retail, Commercial Banking, Consumer Finance, and Insurance. The Retail segment offers a range of financial service products, counting current accounts, savings, personal loans, and mortgages to wealth and small business customers; and distributes insurance, protection and credit cards, and a range of long-term savings and investment products. The Commercial Banking segment provides lending, transactional banking, working capital administration, risk administration, and debt capital markets services, in addition to private equity financing to various clients comprising small and medium-sized companies, mid-markets, corporates, and financial institutions. The Consumer Finance segment offers motor finance, credit cards, European mortgages and deposit taking, and car leasing services to consumers and commercial customers. The Insurance segment provides long-term savings, retirement solutions, and protection products through the intermediaries and direct channels; home insurance products through branch network, direct channels, and planned corporate partners; and annuities. It also offers personal and commercial insurance brokerage services. This segment provides its products under the Lloyds Bank, Halifax, and Bank of Scotland brands to retail and corporate customers. Lloyds Banking Group plc was founded in 1695 and is headquartered in London, the United Kingdom.

Koninklijke Philips NV (ADR) (NYSE:PHG):

Stock’s Trading Stats:

Koninklijke Philips NV (ADR) (NYSE:PHG) closed at $28.35 yesterday by showing an increase of 1.25%. The total number of outstanding shares held by the company are 917.10 Million with the total market capitalization of $26.46 billion. The number of shares traded on the last trading session are 1.10 Million.

Recent Press Release:

Koninklijke Philips N.V (PHG) on April 18, 2016 declared the installation of a high-field (1.5 Tesla) MR-guided linear accelerator (MR-linac) system. The Elekta MR-linac is designed to capture high-quality images of tumors and surrounding tissue, allowing physicians to rapidly assess and respond by modifying the radiation treatment, a responsive intervention approach.

The Netherlands Cancer Institute is a member of the Elekta MR-linac Consortium, founded in 2012 by Elekta and technology partner Royal Philips. The consortium partners are committed to demonstrating that the use of the MR-linac will enable them to elevate the standard of care for the most prominent cancers that account for more than half of cancer mortality worldwide in addition to less prevalent cancers that are presently not well controlled.

The NKI is the third site to install the MR-linac system, which is already under functional evaluation at University Medical Center Utrecht, the Netherlands and The University of Texas MD Anderson Cancer Center, Houston, Texas, USA. By year end 2016, all seven leading cancer centers participating in the consortium will have installed the Elekta MR-linac. Consortium members are presently engaged in various stages of evaluation of the technology and are collaborating to establish new clinical protocols and develop methods for data collection and analysis.