City National Corporation (CYN)
City National Corporation Tangible Common Equity Ratio: 7.13%
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CYN Tangible Common Equity Ratio Rankings
| Overall | 79th percentile | 882 of 4385 |
| Sector | 77th percentile | 193 of 871 in Financial |
| Industry | 80th percentile | 8 of 42 in Regional - Pacific Banks |
CYN Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 6.28% | Dec 2009 |
| Maximum | 7.72% | Mar 2008 |
| Average | 7.10% |
About Tangible Common Equity Ratio
The tangible common equity (TCE) ratio is a useful number to gauge leverage of a financial firm. Specifically, it answers the question: "How much can the value of a bank's assets fall before the entire value of tangible* common equity is wiped out?"
For example, assume a bank as a TCE ratio of 5%. If the value of all of the banks assets fell by 5%, theoretically stockholders would no longer have a claim on the bank's tangible assets.
Another way of thinking about the TCE ratio of 5% is that the remaining 95% of the bank's tangible assets have been purchased using loaned funds that the bank must repay.
This ratio is worth spending time with. Once investors understand its implications, they rarely look at banking businesses the same way.
* The word tangible, in accounting, essentially means anything that can be touched or traded. Cash, buildings, accounts receivable, inventories and stock holdings of a business are all tangible assets. Trade secrets, patents, copyrights, and goodwill are not tangible assets, even though they may have value.
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CYN News
May 11, 8:14PM Seeking Alpha
about 20 days ago by MarketBrief
about 21 days ago by MarketBrief
about 26 days ago by RecogniaEvents
May 01, 9:00AM GlobeNewswire
Apr 24, 11:53AM GlobeNewswire
about 35 days ago by DynamicDividend
Apr 19, 8:31PM Seeking Alpha
about 39 days ago by earningscast
Apr 19, 4:15PM GlobeNewswire
about 42 days ago by redman59
Apr 12, 7:53AM Street Insider
about 59 days ago by MarketBrief
Mar 26, 1:00PM GlobeNewswire
Mar 12, 1:00PM GlobeNewswire
Mar 06, 1:00PM GlobeNewswire
Mar 01, 12:21PM GlobeNewswire
Feb 28, 9:00AM GlobeNewswire
Feb 22, 9:00AM GlobeNewswire
Feb 21, 9:51AM Street Insider
about 111 days ago by valuewalk
about 130 days ago by DynamicDividend
about 130 days ago by earningscast
about 130 days ago by Benzinga
about 130 days ago by DynamicDividend
about 192 days ago by TradeIdeasQuant
about 250 days ago by eyeonequities
about 276 days ago by StockTiger
about 277 days ago by StockTiger
about 278 days ago by StockTiger
about 278 days ago by StockTiger
about 308 days ago by DynamicDividend
about 312 days ago by Benzinga
about 403 days ago by Benzinga
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CYN | 50.25 | -0.29 | -0.57% | 2.674B |
| CYMI | 53.30 | -0.08 | -0.15% | 1.643B |
| CYH | 22.66 | +0.28 | +1.25% | 2.075B |
| CYE | 7.55 | +0.05 | +0.67% | |
| CYCC | 0.5124 | -0.02 | -3.32% | 27.79M |
| CYBI | 1.761 | -0.03 | -1.62% | 30.15M |
| CYBE | 8.34 | +0.00 | +0.00% | 57.80M |
| CYB | 25.22 | +0.00 | +0.00% | |
| CYAN | 7.60 | -0.15 | -1.94% | 41.12M |
| CY | 13.25 | +0.11 | +0.84% | 2.052B |