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Sunday, January 15, 2012 - 3:47pm
Earnings Expectations for the Week of January 16
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 - 7:28amAccording 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 - 9:09amKBW 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 - 8:51amJefferies 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 - 6:28amJefferies & Company has raised the price target on City National (NYSE: CYN) from $58 to $62 and maintains its Hold rating.
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