NEW YORK ( TheStreet) -- City National (NYSE: CYN) is trading at unusually high volume Friday with 2.9 million shares changing hands. It is currently at 5.1 times its average daily volume and trading down $1.38 (-3.4%) at $39.45 as of 4:02 p.m. ET. City has a market cap of $2.1 billion and is part of the financial sector and banking industry. Shares are down 34.1% year to date as of the close of trading on Thursday. 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. The company has a P/E ratio of 13.4, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates City as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full City Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.