|
|
Article: City National remains hot despite doubts by analysts. (stock prices continue to rise)
- Article from:
- American Banker
- Article date:
- February 6, 1992
- Author:
CopyrightCOPYRIGHT 1992 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Shares of City National Corp., have surged this week, but many banking analysts remain wary after the company's larger-than-expected yearned loss.
City National, based in Beverly Hills, Calif., jumped 11% in value on Tuesday and has rocketed 53% since the Federal Reserve Board eased credit sharply on Dec. 20. It is one of the biggest recent gainers among bank stocks.
"I'm a little bit at a loss to explain why the stock is up so much off the bottom because the outlook for the company remains challenging," said Lawrence R. Vitale, a banking analyst for Kemper Securities Group, Chicago.
Several weeks ago City National startled analysts by adding ...
Related newspaper, magazine, and journal articles:
|