- ROE 8.42% v 14.79% y/y
- ROA 0.89% v 1.54% y/y
- Q208 net income reflects a $ provision for credit losses.
- Q2 Net charge-offs totaled $18.9M, or basis points of total loans.
- The company's allowance for loan and lease losses amounted to $35M, or 1.52% of total loans.
- Guides FY08 EPS $3.15-$3.40 v $3.38e

Other headlines for [CYN]

• 11/21/2008 07:14am
  Merrill cutting price targets on numerous Mid and Small Cap Regional Bank names- ASBC price target $12 - CYN price target $33 - CMA price target $16 - CBSH price target $45 - CFR price target more...
  
• C 11/9/2008 11:51pm
  Citigroup Inc WSJ reports company is in discussions to acquire an unidentified US bank- The report notes that the target's name could not be determined, but it is a regional bank that overlaps geographically with more...
  
• CYN 10/27/2008 08:23am
  City National Corp Receives approval to participate in US Treasury's TARP capital program, selling $395M in preferred stock and warrants (17% of market cap)
  
• CYN 10/24/2008 08:06am
  City National Corp FTN Midwest Research Securities Corp Raised CYN to Neutral from Sell
  
• CYN 10/23/2008 04:20pm
  City National Corp Reports Q3 $0.40 (ex charges) v $0.70e, R $203M v $235.7Me, ROE 0.41% v 1.53% y/y- Guides FY08 EPS $3.05-3.15 v $3.09e - ROA 3.91% v 14.69% y/y - Net Interest Margin 4.23% v 4.42% y/y
  

Financials sector headlines

• FORB.BE Today 09:24am
  Shareholders in Brussels votes against Davignon appointment as Board Chariman, received 49.9% of vote- Shareholders vote for De Boeck as CEO (current CEO with 67.27% of vote) - Current board will more...
  
• GS Today 09:21am
  The Goldman Sachs Group Inc UBS analysts see firm experiencing greater mark-to-market losses, could amount to $4B
  
• DGICA Today 09:01am
  Donegal Group Acquires Sheboygan Falls Insurance Company for $12M- The acquisition consideration was approximately $12.0M, which includes a surplus contribution of $8.5M to support the future premium growth of more...
  
• SBIB Today 09:00am
  Sterling Bancshares Inc. Receives Preliminary Approval From U.S. Treasury to Participate in Capital Purchase Program- Estimates the addition of the new capital on a proforma basis would increase Tangible Capital Ratio from more...
  
• CME Today 09:00am
  Chicago Mercantile Exchange Holdings Inc Reports Nov volume of 10.5M contracts/day, -29% y/y- E-mini volume 3.8M contracts/day, +11% y/y - NYMEX volume 1.6M contracts/day, -3% y/y