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Fintech Focus For February 1, 2021
Monday, February 1, 2021 - 12:56am | 1721Read More...Quote To Start The Day: The value of the cold email is so underrated. Source: Michael Gruen One Big Thing In Fintech: When Robinhood, a startup that promises to make finance accessible for all, temporarily limited trading on GameStop, AMC, and other memestocks, many retail investors were pissed...
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City National Agrees To Sell Itself To RBC For $5.4 Billion
Thursday, January 22, 2015 - 9:01am | 194Read More...City National Corp (NYSE: CYN) on Thursday said that it has agreed to sell itself to Royal Bank of Canada (NYSE: RY) for $5.4 billion, or $93.80 per share. Shares of City National closed on Wednesday at $74.57 and held a market cap of $4.11 billion. Shareholders of California-based City...
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Should Traders Consider M&A Rumors?
Tuesday, February 19, 2013 - 11:24am | 501Read More...Feel like gambling, but don’t want to drive all the way to the casino? Instead of sitting down at the Blackjack table, investors might try to predict the next surprise M&A takeover target. According to The Associated Press, U.S. companies, over the past few months, have announced a dozen...
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Earnings Expectations for the Week of January 16
Sunday, January 15, 2012 - 3:47pm | 1524Read More...This week will offer a good look at the state of the financial sector as many of the big banks share their fourth-quarter results. JP Morgan Chase (NYSE: JPM) broke the ice on Friday, reporting a decline in earnings that was more than analysts had estimated. Wells Fargo (NYSE: WFC), Goldman Sachs (...
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J.P. Morgan Comments on City National's Management Meeting
Wednesday, May 25, 2011 - 7:28am | 140Read More...According to a recent report from J.P. Morgan, there was a positive vibe and optimism for future growth after J.P. Morgan met with Chris Carey, the CFO of City National (NYSE: CYN). J.P. Morgan has maintained an overweight rating and a $66.00 price target on City National after the informative...
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UPDATE: KBW Raises PT on City National to $61 (CYN)
Monday, April 25, 2011 - 9:09am | 95Read More...KBW is out with its report today on City National (NYSE: CYN), raising its PT from $60 to $61. In a note to clients, KBW writes, "CYN beat street by $0.04. Results were highlighted by strong credit quality (zero core provision), but core PTPP earnings declined sequentially & the outlook for...
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UPDATE: Jefferies Raises PT on City National to $62 (CYN)
Monday, April 25, 2011 - 8:51am | 91Read More...Jefferies is out with its report today on City National (NYSE: CYN), raising its PT on CYN from $58 to $62. In a note to clients, Jefferies writes, "Our price target of $62 applies a 15x multiple to our 2013 earnings estimate (discounted 2 years at 10%). Our multiple is slightly higher than the...
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Jefferies Raises PT on City National To $62
Monday, April 25, 2011 - 6:28am | 27Read More...Jefferies & Company has raised the price target on City National (NYSE: CYN) from $58 to $62 and maintains its Hold rating.
