City National upgraded at BofA/Merrill As previously reported, BofA/Merrill upgraded City National to Neutral from Underperform. The firm upgraded shares due to fair valuation and a higher high growth. Price target raised to $80 from $52.
News For CYN From The Last 14 Days
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City National reports Q2 EPS $1.11, consensus 98c City National set aside no provision in Q2 and recorded a $1M reversal of allowance for loan and lease losses, excluding FDIC-covered loans. Under Basel I capital rules, the company's Tier 1 common shareholders' equity ratio was 8.8% at June 30.