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Last $87.45 USD
Change Today -0.38 / -0.43%
Volume 142.0K
CYN On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 1:53 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

city national corp (CYN) Snapshot

Open
$87.38
Previous Close
$87.83
Day High
$87.68
Day Low
$86.66
52 Week High
04/29/15 - $94.34
52 Week Low
10/15/14 - $68.41
Market Cap
4.9B
Average Volume 10 Days
517.0K
EPS TTM
$4.33
Shares Outstanding
55.8M
EX-Date
08/3/15
P/E TM
20.2x
Dividend
$1.40
Dividend Yield
1.58%
Current Stock Chart for CITY NATIONAL CORP (CYN)

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city national corp (CYN) Details

City National Corporation operates as the bank holding company for City National Bank that provides banking, investment, and trust services to small to mid-sized businesses, entrepreneurs, professionals, and affluent individuals. The company operates in Commercial and Private Banking, and Wealth Management segments. It provides various deposit products; and loans and lease products comprising commercial and lease financing, commercial real estate mortgage loans, residential mortgage loans, real estate construction loans, home equity loans and lines of credit, installment loans, and covered loans. The company also offers cash management, international banking, equipment financing, and other products and services. In addition, it provides investment management, advisory, and brokerage services, including portfolio management, securities trading, and asset management services; personal and business trust, and investment services, such as employee benefit trust services, and 401(k) and defined benefit plans; and estate and financial planning and custodial services. Further, the company offers proprietary and nonproprietary products to provide a spectrum of asset classes and investment styles consisting of fixed-income instruments, mutual funds, domestic and international equities, and alternative investments. It operates 75 offices, including 16 full-service regional centers in southern California; the San Francisco Bay area; Nevada; New York City; Nashville, Tennessee; and Atlanta, Georgia. The company was founded in 1953 and is headquartered in Los Angeles, California.

3,651 Employees
Last Reported Date: 08/7/15
Founded in 1953

city national corp (CYN) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $980.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $585.0K
Executive Vice President, Director, Member of...
Total Annual Compensation: $621.7K
Executive Vice President, General Counsel, Co...
Total Annual Compensation: $484.7K
Chief Credit Officer of City National Bank an...
Total Annual Compensation: $463.0K
Compensation as of Fiscal Year 2014.

city national corp (CYN) Key Developments

City National Corporation Announces Executive Changes

On July 27, 2015, Olga Tsokova gave notice to City National Corporation that she intends to resign as Senior Vice President and Chief Accounting Officer (Principal Accounting Officer), effective August 19, 2015, to accept a similar position at another company. Effective as of Ms. Tsokova’s departure, Christopher J. Carey, the Company’s Executive Vice President and Chief Financial Officer, will serve as the company’s Principal Accounting Officer as that position relates to the company’s filings with the Securities and Exchange Commission.

City National Corporation Declares Quarterly Common Stock Cash Dividend, Payable on August 19, 2015; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Impairment Charges for the Second Quarter Ended June 30, 2015

City National Corporation approved a quarterly common stock cash dividend of $0.35 per share, payable on August 19, 2015 to stockholders of record on August 5, 2015. The company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, net income available to common shareholders was $68.5 million or $1.13 per common share against $65.5 million or $1.09 per common share a year ago. Return on average assets was 0.84% against 0.88% a year ago. Return on average tangible common equity was 12.33% against 12.36% a year ago. Fully taxable-equivalent net interest income for the first half of 2015 was $470.6 million, up 9% from the year-ago period. For the six months, Fully taxable-equivalent net interest income was $245.8 million, up 9% from the same period of 2014 of $226.1 million. Net income totaled $130.1 million, up 9% from $119.3 million in the first half of 2014. Earnings per share were $2.14, up 8% from $1.98 in the first half of last year. In the second quarter of 2015, the company recorded a $4.2 million net impairment charge to reflect results of the quarterly update of cash-flow projections for the FDIC-covered loans. The second-quarter charge reflects a $1.1 million provision for losses on covered loans.

City National Corporation Declares Quarterly Cash Dividend on Preferred Stock, Payable on August 13, 2015 and Payable on August 7, 2015 Respectively

City National Corporation announced that it has declared cash dividends on its outstanding series of preferred stock. A quarterly cash dividend of $13.75 per share was declared on its 5.50% Non-Cumulative Perpetual Preferred Stock, Series C (equivalent to $0.34375 per related depositary share), payable on August 13, 2015 to shareholders of record on July 28, 2015. A quarterly cash dividend of $16.875 per share was declared on its 6.750% Fixed Rate/Floating Rate Non-Cumulative Preferred Stock, Series D (equivalent to $0.421875 per related depositary share), payable on August 7, 2015 to shareholders of record on July 28, 2015.

 

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CYN:US $87.45 USD -0.38

CYN Competitors

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First Niagara Financial Group Inc $9.15 USD 0.00
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SVB Financial Group $124.18 USD -0.76
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Industry Analysis

CYN

Industry Average

Valuation CYN Industry Range
Price/Earnings 19.9x
Price/Sales 3.7x
Price/Book 1.7x
Price/Cash Flow 18.4x
TEV/Sales 1.8x
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