City National upgraded to Outperform from Market Perform at Wells Fargo Wells Fargo upgraded City National citing valuation and upside potential as the markets anticipate higher short term rates in 2015. Wells raised its price target range for shares to $88-$90 from $72-$75.
News For CYN From The Last 14 Days
Check below for free stories on CYN the last two weeks.
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.