City National Corp. (CYN) Misses Q2 EPS by 4c

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Go back to City National Corp. (CYN) Misses Q2 EPS by 4c

City National Corporation Reports First-Quarter 2014 Net Income of $54.5 Million, Up 6 Percent From First-Quarter 2013

April 24, 2014 4:15 PM EDT

LOS ANGELES, April 24, 2014 (GLOBE NEWSWIRE) -- City National Corporation (NYSE: CYN), the parent company of wholly owned City National Bank, today reported first-quarter 2014 net income of $54.5 million, up 6 percent from $51.5 million in the year-ago period. Earnings per share were $0.90, compared to $0.90 per share in the first quarter of 2013. First-quarter 2014 earnings per share reflect dividend payments for preferred stock that was issued in November, 2013, as well as a higher share count than the same period a year ago.

City National also announced today that its Board of Directors has maintained and approved a quarterly... More