City National Corp. (CYN), the parent company of wholly owned City National Bank, reported a rise in first-quarter net income attributable to the company by 11 percent to $51.5 million or $0.90 per share, compared to $46.3 million or $0.86 per share in the prior year quarter.
On average, 22 analysts polled by Thomson Reuters expected earnings of $0.92 per share for the quarter. Analysts' estimate typically excludes one-time items.
Meanwhile, revenue for the first quarter of 2013 reached $295 million, up 7 percent from $276 million in the same quarter prior year. Eighteen analysts estimated revenues of $300.84 million for the quarter.
City National in a statement added that its management anticipates net income growth in 2013 to be 'modest', with loan and deposit balances expected to increase.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.