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BUYINS.NET: (CYN) SqueezeTrigger Price is $48.208. There is $170,558,962.00 That Short Sellers Still Need To Cover
Aug 31, 2010 (M2 PRESSWIRE via COMTEX) --
BUYINS.NET / www.squeezetrigger.com is monitoring City National Corporation operates as the bank holding company for City National Bank that provides a range of banking, investing, and trust services to small to mid-sized businesses, entrepreneurs, professionals, and affluent individuals. It offers deposits, such as interest checking deposits, savings deposits, demand deposits, time deposits, and certain money market accounts; and commercial loans and lease financing, residential mortgages, commercial real estate mortgages, real estate construction loans, equity lines of credit, and installment loans. The company also provides cash management, international banking, equipment financing, and other products and services. In addition, it offers investment management and advisory services, and brokerage services, including portfolio management, securities trading, and asset management; personal and business trust and investment services, including employee benefit trust services and defined benefit plans; and estate and financial planning and custodial services. The company provides proprietary and nonproprietary products to offer a range of asset classes and investment styles, including fixed-income instruments, mutual funds, domestic and international equities, and alternative investments, such as hedge funds. As of June 8, 2010, it operated 73 offices, including 17 full-service regional centers in Southern California, the San Francisco Bay area, Nevada, and New York City. The company was founded in 1953 and is headquartered in Los Angeles, California. (NYSE:CYN) in real time and just received an alert that is crossing above its primary SqueezeTrigger Price, the price that a short squeeze can start in any stock. There are 3537100 shares that have been shorted at the volume weighted average SqueezeTrigger Price of $48.208. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.squeezetrigger.com .
From January 2005 to July 2010, an aggregate amount of 41642740 shares of CYN have been shorted for a total dollar value of $1,998,851,520.00. The CYN SqueezeTrigger price of $48.208 is the volume weighted average price that all shorts are short in shares of CYN. There is still approximately $170,558,962.00 of potential short covering in shares of CYN.
SqueezeTrigger.com has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger Price for each stock that has been shorted. The data has then been integrated into an automated trading platform which can be used to connect to a live online broker and automate your trading of short squeeze events. It is extremely powerful with lightening fast execution at a very low price. Both the trading software and SqueezeTrigger data feed are available at http://www.squeezetrigger.com .
City National Corporation operates as the bank holding company for City National Bank that provides a range of banking, investing, and trust services to small to mid-sized businesses, entrepreneurs, professionals, and affluent individuals. It offers deposits, such as interest checking deposits, savings deposits, demand deposits, time deposits, and certain money market accounts; and commercial loans and lease financing, residential mortgages, commercial real estate mortgages, real estate construction loans, equity lines of credit, and installment loans. The company also provides cash management, international banking, equipment financing, and other products and services. In addition, it offers investment management and advisory services, and brokerage services, including portfolio management, securities trading, and asset management; personal and business trust and investment services, including employee benefit trust services and defined benefit plans; and estate and financial planning and custodial services. The company provides proprietary and nonproprietary products to offer a range of asset classes and investment styles, including fixed-income instruments, mutual funds, domestic and international equities, and alternative investments, such as hedge funds. As of June 8, 2010, it operated 73 offices, including 17 full-service regional centers in Southern California, the San Francisco Bay area, Nevada, and New York City. The company was founded in 1953 and is headquartered in Los Angeles, California. (NYSE:CYN) City National Corporation is a bank holding company for City National Bank (the Bank), which is an independent commercial bank and conducts business in California and New York City. The Company focuses on providing entrepreneurs, their businesses and their families with financial solutions. City National Corporation provides banking, investment and trust services to its clients through the Bank and its non-banking subsidiaries. The Bank operates through 55 offices, including 12 full-service regional centers, in Southern California, the San Francisco Bay Area and New York City.
The Company is engaged in one operating segment: providing private and business banking and related financial services, including investment and trust services. The Bank's principal client base comprises small to mid-sized businesses, entrepreneurs, professionals and affluent individuals. The Company offers a range of lending, deposit, cash management, international banking, equipment financing, asset-based lending, and other products and services. The Company also lends, invests, and provides services in accordance with its Community Reinvestment Act (CRA) commitment.
The Bank's Wealth Management division, and the Company's investment advisor subsidiaries make available investment advisory and wealth management resources, such as investment management and advisory services and brokerage services, including portfolio management, securities trading and asset management; personal and business trust and investment services, including employee benefit trust services, and estate and financial planning and custodial services. At December 31, 2005, City National had more than $39 billion in client investment assets under management or administration (excluding the minority-owned asset managers). The Company's investment advisor subsidiaries include nine majority-owned asset management firms and minority interests in two additional asset management firms. The Bank also advises and makes available mutual funds under the name of CNI Charter Funds.
Loan Portfolio
City National Corporation's loan portfolio consists primarily of loans for business and real estate purposes. Loans are generally made on the basis of a cash-flow repayment source as the first priority with collateral generally being a secondary source for loan qualification. At December 31, 2005, there were 54 relationships with commitments greater than $30 million. Of the relationships, 19 had outstanding balances greater than $30 million, of which the largest was a $137.9 million relationship with an investment-grade borrower who is involved in the aircraft leasing business.
Commercial loans were $3,544.5 million, at December 31, 2005, representing 38.3% of the loan portfolio compared with $3,030.4 million, or 35.7%, of the loan portfolio, at December 31, 2004. The average outstanding individual note balance in the commercial loan portfolio, at December 31, 2005, was $576,000. Residential mortgage loans, which comprised 28.4% of total loans, at December 31, 2005, continued a 10-year growth trend, increasing $329.8 million, or 14.3%, to $2,629.4 million at December 31, 2005. At December 31, 2005, 100% of the portfolio was originated internally, primarily to existing clients. The residential first-mortgage loans originated internally have a weighted average loan-to-value ratio of 52% at origination. There were essentially no residential mortgage loans on non-accrual status as of December 31, 2005. The average outstanding individual note balance was approximately $733,000.
Commercial real estate mortgages, representing 19.7% of the loan portfolio, were comprised of 91.4% commercial and 8.6% residential (including undeveloped land and multi-family condominium/apartment loans) loans. The average outstanding individual note balance at December 31, 2005, was approximately $1,417,000. The real estate construction portfolio, representing 7.8% of the loan portfolio, consisted of 54.1% commercial and 45.9% residential loans.
The SqueezeTrigger database of approximately 1 billion short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like SqueezeTrigger.com to access the data. Total Short Interest is the number of shares shorted but not yet covered, and is different from total short volume. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.squeezetrigger.com
About SQUEEZETRIGGER.COM
WWW.SQUEEZETRIGGER.COM is a service designed to help bonafide shareholders of publicly traded US companies fight short selling. SqueezeTrigger.com has built a proprietary database that uses Threshold list feeds and short sale time and sale data from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short trades.
SQUEEZETRIGGER.COM has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly one billion short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like SqueezeTrigger.com to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, SQUEEZETRIGGER.COM provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.
All material herein was prepared by SQUEEZETRIGGER.COM, based upon information believed to be reliable. The information contained herein is not guaranteed by SQUEEZETRIGGER.COM to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion.
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CONTACT: Thomas Ronk, CEO, SqueezeTrigger.com
WWW: http://www.SqueezeTrigger.com
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e-mail: Tom@SqueezeTrigger.com
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