WASHINGTON (dpa-AFX) - City National Corp. (CYN) Thursday reported third-quarter profit of $63.6 million, up 6 percent from $59.8 million in the same period last year. On a per-share basis, earnings were $1.10, flat with last year.
On average, 23 analysts polled by Thomson Reuters expected the company to earn $1.00 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues dropped 4 percent to $303 million from $317 million last year. Analysts expected revenues of $302.81 million.
Net-interest income improved 2 percent to $220.0 million from $210 million last year. Net-interest margin was 3.30 percent, compared to 3.24 percent last year. Non-interest income totaled $88.9 million, down 17 percent from last year.
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