Last €62.43 EUR
Change Today +0.055 / 0.09%
Volume 0.0
CQL On Other Exchanges
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Exchange
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As of 2:04 AM 11/24/14 All times are local (Market data is delayed by at least 15 minutes).

city national corp (CQL) Snapshot

Open
€62.43
Previous Close
€62.38
Day High
€62.43
Day Low
€62.43
52 Week High
11/13/14 - €64.56
52 Week Low
05/19/14 - €50.18
Market Cap
3.4B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
55.1M
EX-Date
11/3/14
P/E TM
--
Dividend
€1.31
Dividend Yield
1.58%
Current Stock Chart for CITY NATIONAL CORP (CQL)

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city national corp (CQL) 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 offers various deposit products; and loans and lease products comprising commercial and lease financing, residential mortgage loans, commercial real estate 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. As of July 2, 2014, it operated 77 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 based in Los Angeles, California.

3,598 Employees
Last Reported Date: 11/7/14
Founded in 1953

city national corp (CQL) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $980.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $561.0K
Executive Vice President, Director, Member of...
Total Annual Compensation: $594.5K
Executive Vice President, General Counsel, Se...
Total Annual Compensation: $465.0K
Chief Credit Officer of City National Bank an...
Total Annual Compensation: $445.1K
Compensation as of Fiscal Year 2013.

city national corp (CQL) Key Developments

City National Seeks Acquisitions

City National Corporation (NYSE:CYN) is seeking acquisitions. Chris Carey, Chief Financial Officer of City National, said, “I usually like to emphasize, we don't have to buy anything. We don't have something to fix. It's not a part of our strategy; acquisitions is an opportunistic thing. We're always trying to see if we can find something that really fits into our company that will help us grow and get good returns.”

City National Corp. Names J. Peter Barbara to Head Up Private Client Services

City National Corp. appointed J. Peter Barbara to head up private client services in downtown Los Angeles, Pasadena, San Gabriel Valley and South Bay, Calif. He is a senior vice president and manager with more than 25 years of wealth management experience. Most recently, Barbara worked as a wealth adviser for Wells Fargo & Co.'s Wells Fargo Private Bank in Manhattan Beach, Calif.

City National Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Records Net Impairment Charge for the Quarter; Reaffirms Earnings Guidance for the Year of 2014

City National Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported interest income of $227.594 million compared to $228.093 million a year ago. Income before taxes was $103.902 million compared to $91.294 million a year ago. Net income attributable to City National Corporation was $68.651 million or $1.15 per diluted share compared to $63.633 million or $1.10 per diluted share a year ago. Return on average common equity was 9.80% compared with 10.12% for the same period last year. Return on average tangible common equity was 13.42% compared with 14.43% for the same period last year. Return on average assets was 0.88% against 0.90% a year ago. For the nine months period, the company reported total operating revenue of $673.004 million compared to $660.888 million a year ago. Income before taxes was $282.440 million compared to $250.289 million a year ago. Net income attributable to City National Corporation was $189.863 million or $3.16 per diluted share compared to $174.897 million or $3.04 per diluted share a year ago. Return on average assets was 0.84% compared with 0.84% for the same period last year. Return on average common equity was 9.26% compared with 9.37% for the same period last year. Return on average tangible common equity was 12.80% compared with 13.42% for the same period last year. Book value as on September 30, 2014 $48.13 against $44.85 a year ago. In the third quarter of 2014, the company recorded a $0.7 million net impairment charge to reflect results of the quarterly update of cash-flow projections for the FDIC-covered loans. In the second quarter of 2014, the company recorded a $4.1 million net impairment. The third-quarter charge reflects a $0.6 million provision for losses on covered loans. In addition to the net impairment charge for the third quarter of 2014, the company recognized $2.3 million of other covered assets income, resulting in total net income of $1.4 million. This compares to total net expense of $2.8 million in the second quarter of 2014. There has been no change to management's 2014 outlook since the company issued its second-quarter earnings report.

 

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Industry Analysis

CQL

Industry Average

Valuation CQL Industry Range
Price/Earnings 18.9x
Price/Sales 3.4x
Price/Book 1.6x
Price/Cash Flow 17.4x
TEV/Sales 1.4x
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