Last $75.57 USD
Change Today 0.00 / 0.00%
Volume 232.9K
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As of 4:15 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

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01/22/14 - $81.34
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09/3/13 - $64.20
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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 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.

3,638 Employees
Last Reported Date: 08/8/14
Founded in 1953

city national corp (CYN) 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 (CYN) Key Developments

City National Corporation Announces Executive Appointments

City National Bank announced it has expanded its Silicon Valley team, hiring two senior private bankers and a senior portfolio manager. The bank hired Andre Luu as a senior vice president to lead private banking colleagues in San Jose and Palo Alto. Edwin Aquino has also joined as senior vice president in private banking. The bank also hired Scott Mlinarich in San Jose as a senior portfolio manager for City National Rochdale, the bank's wealth management affiliate. Mlinarich most recently worked at HighMark Capital Management as a senior portfolio manager in San Jose and prior to that, he spent 11 years at Wells Capital Management as a managing director in San Francisco. He earned a bachelor's degree in business economics from the College of Notre Dame in Belmont, California. Luu is a senior vice president and team leader with City National Bank's Private Client Services group. Prior to joining City National, Luu served as managing director in private banking at Union Bank. Aquino is a senior private banker with City National Bank's Private Client Services team. Based in the San Jose Regional Center, he works with a team of experts to deliver comprehensive banking, wealth planning, and investment management solutions to high-net-worth individuals, nonprofit organizations, business owners, corporate executives and professional service firms. Prior to joining City National, he served high net worth clients at Union Bank.

City National Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for 2014; Reports Impairment Charges for the Second Quarter of 2014

City National Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, net interest income was $219.102 million against $202.919 million a year ago. Income before taxes was $225.622 million against $211.429 million a year ago. Net income available to common shareholders was $62.607 million or $1.11 per diluted share against $57.335 million or $1.04 per diluted share a year ago. Return on average assets was 0.89% against 0.87% a year ago. Return on average tangible common equity was 9.80% against 9.53% a year ago. For the six months, net interest income was $4718.900 million against $403.992 million a year ago. Income before taxes was $178.538 million against $158.995 million a year ago. Net income available to common shareholders was $113.024 million or $2.01 per diluted share against $106.452 million or $1.94 per diluted share a year ago. Return on average assets was 0.82% against 0.81% a year ago. Return on average tangible common equity was 12.47% against 12.90% a year ago. For 2014, the company expects moderate net income growth. This outlook reflects management's expectations for moderate economic growth throughout the remainder of 2014. For the second quarter of 2014, the company recorded a $4.1 million non-cash net impairment charge to reflect results of the quarterly update of cash-flow projections for the FDIC-covered loans.

City National Corporation Announces Quarterly Common Stock Dividend, Payable on August 20, 2014

City National Corporation announced that its Board of Directors has maintained and approved a quarterly common stock cash dividend of $0.33 per share, payable on August 20, 2014 to stockholders of record on August 6, 2014.


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Valuation CYN Industry Range
Price/Earnings 18.6x
Price/Sales 3.4x
Price/Book 1.6x
Price/Cash Flow 17.3x
TEV/Sales 1.3x

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