City National Corp (NYSE:CYN)
CAPS Rating:
The Company and its subsidiary, City National Bank provide private and business banking services, including investment and trust services to its clients.
The Company and its subsidiary, City National Bank provide private and business banking services, including investment and trust services to its clients.
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Throwing out the good with the bad in banking on this one. A solid Los Angeles based bank, with little subprime exposure. This bank is an LA institution and very commonly used with the big entertainment firms. I sold CYN at $40 seven and a half years ago to help purchase my home. Up until late 2007, I watched it go up to $78 from my sale in 2000. Recently, I bought some back at $48+ with a 4% dividend! This is good opportunity to purchase a good institution in an out of favor industry