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City National Corporation (CYN) [hlAlert]

Rating:
Buy CYN
up 71.94 %

City National Corporation (CYN) rated Buy by B. Riley

Posted on: Monday,  Oct 22, 2012  9:25 AM ET by B. Riley

B. Riley rated Buy City National Corporation (NYSE: CYN) on 10/22/2012, when the stock price was $51.26. Since
then, City National Corporation has gained 71.95% as of 10/30/2016's recent price of $88.14.
If you would have followed this B. Riley's recommendation on CYN, you would have gained 71.94% of your investment in 1469 days.

City National Corporation is a bank and a financial holding company. The Company provides a range of banking, investing and trust services to its clients through its wholly owned banking subsidiary, City National Bank (the Bank). The Bank operates through 62 offices, including 15 full-service regional centers, in Southern California, the San Francisco Bay area, Nevada and New York City. The Bank operates in three segments: Commercial and Private Banking, Wealth Management, and Other. All investment advisory affiliates and the Bank?s wealth management services are included in the Wealth Management segment. All other subsidiaries, the unallocated portion of corporate departments and inter-segment eliminations are included in the Other segment. The Bank?s principal client base comprises small to mid-sized businesses, entrepreneurs, professionals, and affluent individuals.

B. Riley'research process is an interactive one where we perform extensive due diligence on companies until the analyst develops the knowledge base and understanding of the company and the industry to make a recommendation. Our analysts continuously monitor industry developments and communicate with the management, competitors, suppliers and customers of the companies we follow, regularly communicating our findings through Research Updates and daily Morning Notes.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/22/2012 9:25 AM Buy
None
51.26
as of 12/31/2012
1 Week down  -1.64 %
1 Month up  1.70 %
3 Months down  -3.39 %
1 YTD down  -3.39 %

(*) Stock Price at the time of the recommendation.
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