CYN stayed with its multiyear pattern...disappoint on the EPS#, miss already lowered guidance, small acquisitions puff up revenue, aum, etc....and in the end no meaningful growth for a bank that should be taking major market share in this economy(NOT too big too fail,high net worth clients, troubled competitors,etc.)
Owned it on the thesis that it could grow, pay a good dividend and eventually be sold.
Growth is weak at best, dividend slashed and prospects for sale are nil in the next several years.
Im out.